Market Analysis

Overall, the OKC metro demonstrated steady numbers across the board; however we did see the average sale price fall to $194,000. Considering the average days on market shortened to 10 days, these stats lead us to believe multiple investment properties came and went quickly contributing to the dip in average sale price. 

 Although it appears there are fewer new listings hitting the market (32 new listings between Sept 21 - 27), further digging reveals homes on the market are also selling faster than they are being listed. Sellers have a great opportunity to maximize their equity with Oklahoma City's record-low inventory. 

While many potential sellers hesitate to list their homes due to the limited buyer selection, the conversation becomes what approach these potential buyers (with a home to sell) can take to stay competitive in multiple offer situations.

For a free consultation with one of our real estate experts, give us a call at 405-757-7001 or email [email protected]