At first glance, the latest MLSOK numbers make the market look remarkably strong for sellers.Across nearly every featured OKC-area town, homes are selling for an average of 98% to 100% of list.
What Does Home Inventory Look Like Around the Metro?
Dated: February 6 2024
Views: 119
Although recent years have seen some of the lowest residential home inventory Central Oklahoma has ever experienced, we ended 2023 and started 2024 with some of the biggest inventory numbers in the last five years. But what happened in January 2024?
Inventory is Shrinking
Inventory is going away faster than your hopes of watching a Kansas City Chiefs game without Taylor Swift being shown.
Contracts Are Flying!
The lower interest rates in the middle of December created a mini buying frenzy during a time of year that usually has very low real estate activity. New contracts are up almost 30 percent over the last 2 months and listings just can’t keep up.
What it means for you!
There are going to be fewer residential homes on the market to choose from moving forward unless we see a massive jump in listings as we hit the Spring. Interest rates are the major driver in our market right now, so make sure you are ready when the right house pops up and interest rates are at the right number for you. We can help you get prepared!
Lauren Biesemeyer
I was born and raised in Guymon, OK. Never heard of it? That’s okay, most people haven’t! But growing up in a small town has instilled in me a love for community! In 2012 I moved to Norman, OK t....
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When most people look at the housing market, they focus on what just sold.Closed sales are useful, but they are also backward-looking. They tell us what buyers and sellers agreed to days or weeks.
When most people look at the housing market, they focus on what just sold.Closed sales are useful, but they are also backward-looking. They tell us what buyers and sellers agreed to days or weeks.
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