"Active listings in Oklahoma City surged to 1,759 in April, marking a 19.7% increase year over year, significantly outpacing the national growth rate of 4.6%. This increase in inventory provides buyers with more choices and negotiating power, as homes are not selling quickly enough to clear the backlog."
"The median list price in Oklahoma City fell 3.7% year over year to $269,450, which is over $155,000 below the U.S. median. Additionally, 20.4% of active listings had price reductions in April, well above the national rate of 16.7%, indicating that sellers are more willing to negotiate."
Oklahoma City's real estate market has shifted towards buyers, with inventory increasing significantly and homes remaining on the market longer. The median list price has decreased by 3.7% year over year, making it one of the most affordable major metros. A notable percentage of active listings have seen price reductions, providing buyers with more negotiating power. The median days on market has risen to 52 days, indicating a cooling buyer urgency, allowing for more thoughtful purchasing decisions.
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