The top home peak prices in major markets across the US includes Tulsa, OK. New studies show that the housing recovery has pushed 14 major markets to peak the prices that were reached during the best housing market in America. One of them, we are proud to say is Tulsa, Oklahoma.
Homes.com has recently come out with a new rebound report that shows a price performance summary on property sales across the US using data from several resources. In April, the Local Market Index showed a gain in single-family properties in all of the top 100 real estate markets, which is a big improvement from the previous year.
Real estate properties in the Southwest, Midwest and South are all showing large home value gains. The 14 major markets mentioned above have doubled their peak values. Tulsa, Oklahoma comes in number 7 with a 179.03 percentage over peak. This latest report and others like it show a growing confidence in the real estate market. We are experiencing the strongest home price gains in over 6 years. To back up the report, Homes.com also found that 75 out of every 100 homes have gained value instead of losing it.
Homes.com uses calculations from sales data on many of the same homes over time. This allows a side-by-side comparison for the same property. This also helps them precisely track the monthly growth and decline of home prices for long periods of time. Their tracking methods for recording each market index is a valuable tool in every real estate economy.