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Local realtor Michelle Russell said it is a “buyer’s market” in the Cordell real estate market.
The real estate market in the Cordell and Washita County area is healthy right now, a local real estate agent believes.
Michelle Russell, who owns and operates Triple R Realty in Cordell, this week described the market “as pretty healthy and doing really well.”
Russell stated, “It’s a buyer’s market right now. Interest rates are low. They’re as low as 2.75 percent on a 30-year loan. That’s incredible, I think.”
Due to the COVID-19 outbreak, activity in April and May was slow.
“Since June, Cordell’s market has been very healthy,” she noted.
“It’s pretty good,” Russell added. “The oilfield activity is not here right now, and despite that, homes are selling.”
Russell, who said she has been in the business about 10 years, pointed out, “Normally, Cordell and Washita County are oilfield dominant. Oilfield activity is starting to pick up some.”
Despite the oilfield still being down, “Homes are still selling. The average three-bedroom, two bath home is selling well right now,” Russell said.
“New construction is just slow at the present time,” she commented.
Russell, who also is an elementary school counselor in the local school district, believes Cordell “is a close-knit community to come back to. We’re seeing some retirees come back to it. It’s a great community,” she added.
“Our school district is excellent, small class sizes, motivated teachers and for a small school we have an abundance of technology,” Russell said.