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:
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:
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.
Contact Valerie today for free MLS reports and data on homes you view online! Follow her on Twitter at @ListedByValerie or on Facebook.
Sorry we are experiencing system issues. Please try again.