Newspaper article THE JOURNAL RECORD

1985 Home Sales Lowest of Decade / but December Higher

Newspaper article THE JOURNAL RECORD

1985 Home Sales Lowest of Decade / but December Higher

Article excerpt

Metropolitan Oklahoma City home sales totaled 5,595 in 1985, the lowest year-end home sales figure so far this decade, acc ording to information released Tuesday by the Oklahoma City Metropolitan Board of Realtors.

In addition, 1985 was the second consecutive year in which the number of home sales for the area dropped.

However, the year did end on a somewhat positive note. Home sales for the month of December totaled 412, up 4.6 percent from the 394 sold in November.

Sales for 1985 were 20.6 percent below the 1984 figure of 7,044. The 1984 sales were, in turn, 23.6 percent below sales for 1983, which totaled 9,216.

So far this decade, 1983 was the best year for home sales. The 1985 sales were down 39.3 percent from the 1983 figure.

Last year's figures did not compare favorably with figures for past years in the decade. Sales were down by:

- 34.9 percent compared to the 8,600 homes sold in 1980.

- 26.8 percent compared to the 7,648 sold in 1982.

- 18.9 percent compared to the 6,897 sold in 1981.

Roy Avants, 1986 president of the metropolitan board of realtors, said that the total home sales figures for 1985 did not suprise him, considering the number of months last year in which sales wereway down.

The unseasonably warm weather lately has naturally resulted in more people out looking at homes, he said. Avants, who is a sales manager for the Baer Co.'s realty division, has noticed an increase in the number of individuals who have been looking at homes this month in the subdivisions which that company has built.

"The sales for December were what we expected," Avants said. "Sales are really picking up this month, though. I have noticed quite a few more people out looking at homes in our (Baer Co.'s) subdivisions."

Not only has the good weather been an important factor in attracting more potential homebuyers. Interest rates have remained relatively low as well. …

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