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Tulsa Real Estate Trends for 2022 and Beyond
Tulsa, Oklahoma is among the most recent metropolitan areas to join the 1 million population club. The Tulsa metro area incorporates seven surrounding counties, including Creek counties, Pawnee, Rogers, and of course, Tulsa.
The recent influx of new residents to the area is the driving force behind many of the current trends in Tulsa real estate, such as rising property values and a growing job market.
Here, we delve into these most recent Tulsa real estate trends. Keep reading to find out why so many people are flocking to this Oklahoman city.
Rising Property Values
Property values throughout the area have risen as a result of this influx of new residents. So, if you have a house in Tulsa that you want to sell, then now is an ideal time to do so as you’re likely to get a larger sum of money as part of the sale.
In fact, Tulsa is a seller’s market, meaning that there are more buyers than sellers in the city’s real estate market. And so, as a home seller, you’ll be able to negotiate a higher value for your real estate sale.
If you’re looking to quickly sell your home for cash, then check out Sell My House Fast Tulsa to see how Sell My House Fast services can help you.
Low Cost of Living
Despite rising property values, the cost of living in Tulsa is low compared to other metropolitan areas in the United States.
If you find the low cost of living appealing, then you may consider buying a home in Tulsa while property values are still low. But be aware since Tulsa is a seller’s market, real estate is high in demand and low in availability.
Bustling Job Market
The cost of doing business in Tulsa is 11 percent under the national average because of the low rents, energy costs, and taxes in the area.
As a result of the low cost of doing business in the area, there are many companies that are making the choice to move their businesses to Tulsa. The ingress of companies choosing to set up shop, move to, or expand in the metropolitan area translates to a rise in new positions in many job sectors.
Tulsa’s key job sectors include health care, social services, retail, and manufacturing.
The Tulsa Real Estate Market Is Hot
Property values and the number of job positions only continue to rise as new residents keep pouring into the city. As a result, the Tulsa real estate market continues to heat up and shows no signs of cooling off.
So, if you’re interested in selling a home in Tulsa for cash, now is prime time to do so. The same goes for if you have an interest in buying a home in this bustling metropolitan area. But, you better act quickly before all available real estate in the metropolitan area is snatched up!
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Kenneth is a proud native of sydney, born and raised there. However, he pursued his education abroad and studied in Australia. Kenneth has worked as a journalist for almost a decade, making valuable contributions to prominent publications such as Yahoo News and The Verge. Currently, he serves as a journalist for The Hear Up, where he focuses on covering climate and science news. You can reach Kenneth at [email protected].
