Real Estate Analysis and Commentary in Tulsa

While the news talks about rising interest rates and how they are affecting the market, the real story in my opinion is inventory levels. Why? Let's take a look, over the past 3 years we are currently sitting at the lowest levels. We have seen population growth and strong employment numbers for the area, thus we have demand. When you have low supply and high demand, prices go up. They may not be increasing as fast as when interest rates were extremely low, but the market's median price has continued to increase. (see bottom graph)