"In December, Oklahoma City experienced a notable surge in its active listing count, rising by 15.9% compared to the previous year and reaching a total of 1,870 listings. This impressive increase outpaced the national growth rate of 12.1%. Even though the number of newly listed homes saw a slight decrease of 2% year-over-year, mirroring the national trend, the expanding inventory offered buyers an exhilarating chance to explore a wider array of options and potentially secure their dream home."
"The median listing price in Oklahoma City remained remarkably stable, showing a modest year-over-year increase of 0.5% to reach $271,445. This steadiness stood in contrast to the national trend, where the median listing price witnessed a decline of 0.6%. Despite the increased inventory, prices in Oklahoma City held strong, indicating a balanced market where supply and demand harmonized beautifully. The rise in price-reduced listings to 18.6%, a 1.5 percentage point increase from the previous year."
Oklahoma City saw active listings rise 15.9% year-over-year to 1,870 total listings in December, outpacing the national 12.1% growth. Newly listed homes decreased 2% year-over-year, matching the national trend. The median listing price increased 0.5% to $271,445 while the national median declined 0.6%. Price-reduced listings rose to 18.6%, a 1.5 percentage-point increase from the previous year. Homes spent a median 64 days on market, up 14.4% year-over-year and shorter than the national 73-day median, which increased 5%. These metrics indicate a balanced local market offering buyers wider selection and negotiation leverage while maintaining price stability.
Read at SFGATE
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