The economy is thought to be the top factor affecting real estate appreciation. It goes without saying that mortgage rates, unemployment, business growth, government programs and numerous other national factors have a measurable influence on your property's worth. However, your property's value and the factors that play the most significant role in its appreciation are specific to the local Oklahoma City economy and housing market.

Access to services - Many home buyers prefer to live in areas with the most helpful components for homes to thrive, such as a close proximity to jobs and schools. So these areas often appreciate, or hold their value consistently, year to year.

The latest home sales - You should receive statistics on the recent real estate sales in the neighborhoods that you're interested in from your REALTOR^®. You'll want to analyze figures like time on market and listing price versus selling price.

Appreciation history - Have home prices increased or decreased over the last 5-10 years? Is the area thought to be desirable because of its location or affordability?

Local economy - Is there a nice blend of work in an area, or does it count on just one industry? Have businesses moved into or away from an area? Are local companies hiring? Each of these items plays a part.