Okc Housing Market Becoming Healthy?

As a buyer or seller in today's real estate market, understanding key metrics is crucial to making smart decisions. With a current Months Supply of Inventory at 3.18, the market is balanced, where supply meets demand. However, the 12-Month Change in Inventory has risen by 14.8%, hinting at a gradual shift toward a buyer's market, with more homes available.

Despite this, homes are moving fast, with a median of just 25 days on the market. This quick turnaround is supported by the List-to-Sold Price Percentage of 100%, meaning homes are selling at full asking price. The Median Sold Price stands at $359,890, reflecting strong home values.

These trends show a healthy, competitive market, offering opportunities for both buyers and sellers. Buyers will find quality homes, while sellers can benefit from quick sales and strong prices. Staying informed and working with a real estate professional is key to navigating this dynamic market.