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Home sales fell in October in the Oklahoma City metro area, but continued to outpace pre-COVID-19 levels, as prices continued to rise on low supply.

The housing market is exploding, but it's not alleviating any pressure, Builders in the Oklahoma City area started more houses through April than in the first third of any year going back at least a decade: 2,202, a jump of 21.6% compared with the first four months of 2020, according to Dharma Inc.'s Builder Report. That's even with skyrocketing prices for lumber and other materials, and disruptions in supply distribution. And there's still a house shortage that may be here to stay awhile, just an 18-day inventory, according to the Oklahoma City Metro Association of Realtors. That's counting ...

Oklahoman Jake and Kristin Fisher started out their marriage by buying a house — because they didn’t know any better.  "We felt like that was what we were supposed to do," Jake Fisher said. "That's what a married couple did." Now they rent an apartment — by choice.  Others may feel “stuck” in an apartment while home prices spike across the Oklahoma City area. In the past year, prices jumped 15%, according to the Metro Association of Realtors.  But apartment rents have risen here no more than usual, with one-bedroom units up 3.1% and two-bedroom units up 2.5% year over yea...

Oklahoman Nobody holds a parade during bad weather, but the Parade of Homes Spring Festival will go on despite a "perfect storm" in the housing market. Just 50 homes are in the parade, April 23-25 and April 30-May 2 — less than half as many as usual, with entries scattered from Edmond to Norman and from Yukon to Choctaw. Coronavirus precautions will be observed. "Builders can’t keep inventory long enough to show during the parade," said Elisa McAlister, executive vice president of Central Oklahoma Home Builders Association, which organizes the event. The featured neighborhood is Cross Tim...