Oklahoma City Real Estate Market Report – April 2018

Valerie McEvoy
Published on April 28, 2018

Oklahoma City Real Estate Market Report – April 2018

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Here’s the most recent real estate activity in the Oklahoma City real estate market. The Oklahoma City real estate market report shows several interesting trends. It’s good to stay on top of the real estate market activity statistics whether you are buying or selling a house in Oklahoma City, OK!

A Look At The Housing Stats In Oklahoma Real Estate:

Single Family Homes for sale in Oklahoma City show that even though we are in an overall balanced market, the fact that interest rates are rising can lead the Oklahoma City real estate market into a more Buyer friendly market.

Oklahoma City Real Estate Median Prices:

Sold Homes in Oklahoma City Real Estate – $159,500
New Homes Listed in Oklahoma City Real Estate – $174,900
Active Listed Homes for Sale in Oklahoma City Real Estate – $214,900

Sale to List Price Ratio for Homes for Sale in Oklahoma City, OK – 96%

Median Days on Market for Homes for Sale in Oklahoma City – 44 Days

Inventory of Homes for Sale in Oklahoma City Real Estate:

Sold Homes in Oklahoma City – 482
New Homes Listed for Sale in Oklahoma City – 1010
Active Listed Homes for Sale in Oklahoma City – 1612

Real Estate Market Report

Recent Sold Homes in Oklahoma City:


Remember that when starting the process of buying or selling a home, it will pay to consult a local Realtor® who understands your neighborhood and local real estate market activity.

With home prices on the rise and buyer demand strong, some sellers may be tempted to try and sell their homes on their own (FSBO) without using the services of a real estate professional.

Real estate agents are trained and experienced in negotiation and, in most cases, the seller is not. Sellers must realize that their ability to negotiate will determine whether or not they get the best deal for themselves and their families.

Here is a list of some of the people with whom the seller must be prepared to negotiate if they decide to FSBO:

  • The buyer who wants the best deal possible
  • The buyer’s agent who solely represents the best interest of the buyer
  • The buyer’s attorney (in some parts of the country)
  • The home inspection companies, which work for the buyer and will almost always find some problems with the house
  • The termite company if there are challenges
  • The buyer’s lender if the structure of the mortgage requires the sellers’ participation
  • The appraiser if there is a question of value
  • The title company if there are challenges with certificates of occupancy (CO) or other permits
  • The town or municipality if you need to get the CO permits mentioned above
  • The buyer’s buyer in case there are challenges with the house your buyer is selling
  • Your bank in the case of a short sale

Bottom Line When Buying or Selling a Home in Oklahoma City:

The percentage of sellers who have hired real estate agents to sell their homes has increased steadily over the last 20 years. Let’s get together and discuss all we can do to make the process easier for you.


This post by Valerie McEvoy was originally published on her Oklahoma Real Estate Blog. Valerie is the co-founder and managing agent of TopOklahomaHomes.com, a real estate services portal that provides highly personalized residential real estate services for home buyers, home sellers and real estate investors.
Contact Valerie today for free MLS reports and data on homes you view online! Follow her on Twitter at @ListedByValerie or on Facebook.
 
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