Sales for Oklahoma’s historic homes have increased more than 2 percent this year, according to a report from a real estate consultant.
The report, released Wednesday by a nonprofit group called Real Estate Analytics, said Oklahoma had the nation’s fourth-highest sales volume of historic homes in the fourth quarter of 2017.
The total for the year so far was $1.07 billion.
Oklahoma City-based Real Estate Consultants said in its report that sales of historic houses increased 4.1 percent in 2017 from the previous year, and 6.7 percent for the fourth-quarter of 2017 compared to the same period last year.
The median selling price was $836,400 in Oklahoma in the third quarter of the year, up 8.3 percent from the fourth period last season.
It said sales of homes built in the 1880s and 1890s increased by 14.2 percent, the most in the country.
Oklahoma also reported the largest increase in home sales of any state for the period, at 16.3 million.
Oklahoma was among the states that saw record-low home sales in 2018, with fewer than 20,000 homes sold, according, to the real estate analytics group.
Oklahoma, with a population of about 4 million, is one of a number of states that have seen a decline in home purchases since President Donald Trump’s inauguration.
Oklahoma’s housing market was in a funk during the recession, with the number of foreclosed homes hitting a five-year low and many homeowners opting to sell and put their properties on the market.
Oklahoma is not the only state to see an uptick in home prices this year.
Oklahoma has been hit hard by Hurricane Harvey, which flooded neighborhoods in Houston, Texas.
A lot of people were left homeless by the flooding and it also resulted in a spike in foreclosures.
Home prices have also been on the rise in Texas, which is also experiencing a home price recession.
Oklahoma-based real estate firm Cushman & Nash is also part of a group of companies that are developing a technology that can help people get affordable home loans.