OKC Metro Market Update

The Oklahoma City market followed similar patterns to what we’re seeing in many growing communities…more inventory, steady buyer activity, and continued price growth. Here’s what stood out this month:

Inventory Continues to Rise

Across the MLSOK region, new listings increased 13.1%, and overall inventory jumped 28.2%. Months of supply rose from 3.4 to 4.2, marking a clear shift toward a more balanced market. Buyers are gaining options, which encourages healthier negotiations and reduces the frenzy we saw in recent years.

Buyer Activity Remains Strong

Pending sales climbed an impressive 21.7%, showing that buyers are still making moves despite higher inventory and seasonal slowdown. Closed sales dipped slightly (3.1%), but year-to-date numbers remain positive with a 1.5% increase, suggesting steady, consistent demand across the OKC metro.

Home Prices Are Still Trending Up

Values continue to rise. Median sales price up 3.9% year over year to $265,000.

Average sales price up 4.9% year over year to $331,156. This combination, higher inventory and rising prices, suggests the market isn’t cooling, but rather normalizing after several years of rapid shifts. Sellers still hold strong pricing power, but buyers aren’t facing the same level of competition as before.

Homes Taking a Bit Longer to Sell

Days on market increased from 47 to 53 days, a 12.8% jump. With more listings available, buyers can take their time comparing homes. Sellers should expect a more typical selling timeline, but still solid results: homes are selling for 98% of list price on average.

What This Means for the Oklahoma Market

The statewide market is continuing to move into balance. Buyers enjoy more choice and breathing room, while sellers continue to see solid pricing and steady demand. As we head into the new year, Oklahoma’s real estate landscape remains healthy, resilient, and full of opportunity