Oklahoma City, Oklahoma, has seen average sales prices rise only moderately from a year ago -- up just 2 percent. The average price at this time is $155,000.

Inventory is up 6 percent from last year, which has created a fairly balanced level of supply and demand. "The Oklahoma City market is much stronger than the national trends. Inventories are up, but the current supply is less than 6 months compared to 8.1 months nationally."

Homes are averaging around 74 days on the market -- up from 66 a year ago.

In the northern region of the city, local experts are reporting that with houses situated on larger lots -- buyers are able to get more for their money. Despite this -- the area is a neutral housing market between buyers and sellers.

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Published: August 2, 2007

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