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Home sales continue slide in OKC area

Oklahoma City_A new report shows home sales in the Oklahoma City metro area fell by 29-percent in November from November 2007.  The Oklahoma Multiple Listing Service data shows 948 home sales closed in November compared to 1,347 closings in the same month last year.

The November 2008 number is also down from September 2008 when 1,293 deals closed, and one real estate agent says the worst still might be ahead.  Agent Shelby Cummings with Keller Williams Realty says he doesn't think the bottom has been hit yet.

The average price of a home in November was $136,198 - down about $10,000 from November 2007. Homes also sat on the market about 11 days longer than during the same month last year.

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