Home Sales Plummet In Oklahoma City

Home prices remained strong, but home sales in the Oklahoma City area sank 25.3 percent in September compared with August, The Oklahoman reports today. It is a statistic that does not account for the usual seasonal changes, three times the national month-to-month drop of 8 percent, according to local and national Realtors. The national month-to-month decline in sales was the largest in records dating to 1999, the National Association of Realtors said Wednesday. The seasonally adjusted national annual sales rate of 5.04 million existing homes was also the slowest pace on record.

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