Are There More Homes Currently for Sale in Oklahoma?

Dated: February 7 2024

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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!

 

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Destinee Smith

Hi, I'm Destinee! I'm an Oklahoma native and I proudly serve the Oklahoma City Metro. If you're looking to buy, sell, or invest in the area then I'm your girl! I'm also the Director of Marketing for W....

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