Oklahoma State Home Builders Association

An Affiliate of the National Home Builders Association

Stillwater report: Buyer demand makes for a hot market

 
Posted on April 26, 2016 by By Carol Hartzog Communications

Editor’s note: The following are reports presented to the OSHBA spring board meeting from the various homebuilders associations across the state; these are from Stillwater and Ardmore

Stillwater HBAConnie Stokes, Associates liaison representing Stillwater, reports that the HBA sold out all of the space at the recent Home & Garden Show.  Building permits have risen a little, and a lot more building is going outside the city.  Anything new will have three offers in one day because there is such demand for housing and very little inventory. In 13 years, Stokes has never seen this much demand. For example, recently a $150,000 existing home on 2.5 acres sold $5,000 above the asking price and had six bidders by the end of the first day on the market.  Meetings are very well attended. Dues were adjusted this year to make “meal payment” part of the dues, which has increased the attendance. HBA meetings have been very well attended.

Ardmore: President of Southern Oklahoma Home Builders Association Brian Stedman reports the chapter is non-active, with 21 members.  A few custom homes are being build but not much more is going on.

Share and Enjoy :
FacebookTwitterLinkedIndel.icio.usDiggReddit