"Active inventory in Tulsa climbed 13.6% year-over-year, significantly outpacing the national rate of 6.2%, providing buyers with more options in the market."
"The median list price in Tulsa dropped nearly 7% to $256,275, creating real pricing pressure for sellers and giving buyers substantial negotiating power."
"Despite the increase in inventory, the typical home in Tulsa spent only 56 days on the market, indicating that well-priced homes in desirable areas remained competitive."
"One in five listings in Tulsa carried a price reduction, highlighting the challenges sellers face in a market where overpriced homes struggle to attract buyers."
Tulsa's real estate market has transitioned to a buyer's market, characterized by a 13.6% year-over-year increase in active inventory and a nearly 7% drop in median list prices to $256,275. Buyers now have more options, with active listings reaching 1,055. Sellers face pressure as one in five listings experienced price reductions. Homes in desirable neighborhoods continue to sell quickly, with the typical home spending 56 days on the market, slightly below the national median. Overall, buyers hold significant leverage in negotiations.
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