This is a topic that usually stirs quite a bit of debate, mostly by local folks who don’t have a grasp on how bad things really are outside of our little bubble.
Yep, I said ‘bubble.’ I know, BAD BUZZ WORD! Over the past few years, this word has taken on a pretty negative persona, but here in central Oklahoma, we’ve experienced a different kind of bubble than the rest of the country.
Our bubble isn’t one that got over-inflated and popped, but rather, it’s a protective bubble of sorts. Our conservative home prices, along with a modest rate of inflation, guarded by a fairly strong energy industry, have insulated us from the devastation felt in many markets.
Just a couple of weeks ago, the Oklahoma City real estate market was ranked 17th in the Top 75 healthiest markets in the US:
At the top of this list, in markets 16 to 30, you’ll find metro areas that have benefited from strength in energy and agriculture, along with markets that didn’t go wild and crazy during the boom
That one quote from the Top 75 list pretty well summarizes the epitome of the Oklahoma City real estate market.
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