Spring has arrived — and with it comes one of the busiest times of year for real estate in Oklahoma City. Whether you’re thinking about buying, selling, or just keeping an eye on the market, it’s important to understand what’s happening locally so you can make informed decisions.
Here’s a breakdown of what you need to know about the OKC real estate market this spring:
1. Inventory Is Growing — But Still Tight
As warmer weather hits, more homes are hitting the market in Oklahoma City — especially compared to the slower winter months. However, inventory is still relatively low compared to pre-pandemic levels. That means:
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Well-priced homes are selling quickly.
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Buyers may still face competition.
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Sellers have an opportunity to stand out with great staging and curb appeal.
Pro Tip: If you’re a buyer, get pre-approved before you start touring. If you’re a seller, now’s the time to prep your home and list before the summer rush.
2. Home Prices Remain Steady
While prices in some parts of the country are dipping, Oklahoma City continues to show resilience. Median home prices are holding steady or showing modest growth, especially in family-friendly neighborhoods and areas with new development.
Sellers can still expect strong offers when homes are move-in ready. Buyers may not see rock-bottom prices, but they can take advantage of a more balanced market and avoid the frenzied bidding wars of the past few years.
3. Interest Rates Are Stabilizing
Mortgage rates have been a hot topic lately. After climbing in 2023, rates are beginning to level off — which is bringing some hesitant buyers back into the market.
Even though today’s rates are higher than the ultra-low levels we saw in 2020–2021, they’re still historically reasonable. Plus, many lenders are offering rate buydown programs or creative financing options.
4. New Construction Is on the Rise
Oklahoma City continues to grow, with new developments popping up in suburbs like Edmond, Yukon, and Moore. These communities are popular with families looking for more space, updated amenities, and good school districts.
Buyers looking for a low-maintenance, turnkey option may want to explore new builds — just be sure to work with a Realtor (like me!) who can help you navigate builder contracts and negotiate on your behalf.
5. Timing Is Everything
Spring is a sweet spot for both buyers and sellers. Sellers can take advantage of the seasonal demand, while buyers get more options to choose from before the summer market heats up even more.
If you’re on the fence, this may be your ideal window to act — especially before families start rushing to close before the next school year.
Thinking About Making a Move This Spring?
Whether you’re curious about your home’s value, wondering what you could afford in today’s market, or ready to list and move — I’m here to guide you with local expertise, honest advice, and personalized support.
Let’s connect and talk strategy.
Contact me today for a free home valuation or buyer consultation. Oklahoma City is full of opportunity — and I’d love to help you take the next step with confidence.