Oklahoma City, OK housing market

In Oklahoma City, more than one in five homes for sale has already cut its price. If you are thinking about selling this year, that number tells you where the leverage sits. Start with the cuts. About 21.5 percent of active listings have lowered their asking price, meaning plenty of sellers aimed too high. The typical home here is taking about fifty-one days to go under contract, roughly seven weeks of showings before a deal. Buyers have options too, with about two thousand four hundred homes on the market and nearly 900 new listings in the past month alone. Here is the twist. The typical Oklahoma City home value is about two hundred fourteen thousand dollars, still up roughly 1.2 percent over the past year. This is not a falling market. It is one that punishes overpricing, and you can see it in the gap between the median list price, about two hundred forty-seven thousand dollars, and what homes are actually worth. So if you sell, price at the real number from day one, because the sellers cutting later are the ones who started high. Before you list, get a free home value estimate at Home Value Pros dot com.