"Active listings in Oklahoma City surged 21.4% year-over-year, significantly outpacing the national increase of 6.2%. This surge in inventory provides buyers with more negotiating power."
"The median list price in Oklahoma City dropped to $269,950 in March, down 1.8% from the previous year, with nearly one in five active listings experiencing price reductions."
"The median days on market climbed to 57 days in March, reflecting a 22.8% increase from last year, indicating that homes are taking longer to sell."
"Oklahoma City's market data shows that buyers are regaining control, with increased inventory and lower prices, while sellers must adapt their strategies to remain competitive."
Oklahoma City's housing market has shifted in favor of buyers, with active listings increasing by over 21% year-over-year and median list prices decreasing to $269,950. Homes are sitting unsold longer, with the median days on market rising to 57 days. Nearly 20% of active listings have seen price reductions, indicating a competitive environment for sellers. Buyers now have more negotiating power, while sellers must be cautious about pricing to avoid extended market times.
Read at SFGATE
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