None - A Tulsa based real estate company joins forces with one of the largest real estate companies in the country. Patterson Realtors, founded in Tulsa in 1977 by Chuck Patterson, merges with Keller Williams. "We have been a mid-sized independent for 34 years and as this real estate crush occurred in the whole country we knew that as it recovered that the market had changed and we were going to have to change ourselves to offer more services," says Patterson.
Patterson made the announcement of the merger between the two companies at an event at the Tulsa County Fairgrounds with a number of real estate agents in the audience.
He says to compete he needed to offer more services including web based services. "Internet would be the most. 92% of all people now beginning a real estate transaction or engaging in one- start their search and activity on the internet as a medium independent it was very difficult for me to compete,” says Patterson
He also offered a snapshot of the local real estate market saying the local market is stable. He says inquiries about listings started building in November, sales exceeded expectations in December and January and then the February snowstorm. He says for those two weeks with about 2.5 feet of snow, real estate activity froze because you could get to the homes to show them. Now that the local market is building again, he expects a steady climb with moderate increases in home values in the 2% to 4% range.
Keller Williams is the 2nd largest real estate franchise in the U-S.