The Truth about the OKC Housing Market

You’ve probably seen the headlines about the housing market—words like “crash” and “slowdown” get tossed around a lot. But here in Oklahoma City, that’s not the full picture. Our market is steady, healthy, and full of opportunity. And as always, my job is to help you cut through the noise and understand what’s really happening.

🏡 What Buyers Should Know

• This isn’t 2008. Lending standards are stronger, inventory is healthier, and home values remain solid.

• Price reductions don’t mean homes are losing value—they usually mean the home was listed too high and is now getting closer to where it should be.

• Inventory is up 35% from this time last year, which means you have more options than before.

• Sellers are more open to negotiating, which creates opportunities for buyers who are prepared.

• And about interest rates—yes, they’re trending lower, but don’t wait for the sub-3% rates we saw during COVID. Buying now gives you a chance to get into the home you love and refinance later as rates continue to drop.

🏠 What Sellers Should Know

• We’re not in the frenzy of the COVID-era market anymore. In Oklahoma City, the average days on market is 34.

• Pricing and presentation matter more than ever. Think of it like a beauty contest: the homes that look the best and are priced correctly are the ones buyers choose first.

• Today’s buyers are more analytical. They’re carefully comparing their options, which means you’ll want to make your home as easy to say “yes” to as possible.

• And here’s the good news: even though homes are taking a little longer to sell, average sales prices have continued to trend upward in our metro over the last year. That’s a win for sellers who prepare well.

📊 Market Snapshot

• Average Days on Market: 34

• Average Sales Price: up 1.9% to 3.7% YoY

• Inventory: 3.4 months supply

➡️ The Bottom Line

The Oklahoma City market isn’t crashing—it’s adjusting in a way that creates opportunity for both buyers and sellers. My role is to help you navigate those opportunities with clarity and confidence.

If now feels like the right time for you to make a move, and you’d like to see how your neighborhood compares to the overall averages, I’d be glad to walk through the details with you. You can always trust that I’ll give you honest, straightforward advice that puts your best interests first.

Respectfully,
Phillip Kitchen, REALTOR®
Kitchen Real Estate GRP. | Keller Williams Realty Elite

📞 Call/Text: 405-519-0250
✉️ Email: phillipkitchen@kw.com