Zillow recently reported that Oklahoma City home values in February were down 0.9% over January 2010 and 5.1% over February 2009.
I was curious if Zillow’s data matched up with Altos Research and ran the following chart:
So, it looks like the 2 are reasonably close. It’s scary how quickly the appreciation has dropped. But, keep in mind this chart is show a 90 day average. Looking at the 7 day average, you can see clearly that the prices are starting back up, and you can kind of see the line starting to bend on the 90 day average.
All is not bleak! I checked the Edmond charts and although the quarter pricing is down slightly, the year-over-year value is up 0.9%.
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