While the effects of COVID-19 in the broader economy continue, Real Estate activity is beginning to recover across much of the country.
According to Freddie Mac, mortgage rates have been below 3.3 percent for more than four weeks and are hovering near all-time lows, spurring strong interest by buyers and lifting showing activity up 4% nationally versus a year ago in the final week of May.
New Listings increased 7.2 percent for Single Family homes but remained flat for Townhouse-Condo homes. Pending Sales increased 29.6 percent for Single Family homes but remained flat for Townhouse-Condo homes. Inventory decreased 8.1 percent for Single Family homes but increased 27.8 percent for Townhouse-Condo Homes.
Info by Oklahoma City Metropolitan Association of REALTORS®
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