The busy real estate season is here, and it’s time for our May real estate market update! Last month in the OKC Metro, the real estate market was booming, with several exciting changes.
Days on Market decreased from 39 days to 36 days, indicating a slight shift, but still suggesting that homes are selling quickly. Additionally, the “Active Listings” decreased slightly from 2,453 in April to 2,430 in May, but remained at a relatively high level.
However, “Homes Sold” decreased from 1,355 in April to 1,210 in May, a decrease of 11%. Despite this decrease in sales volume, the “Average Sold Price” increased slightly from $298K in April to $308K in May, suggesting that home values in the OKC Metro are holding steady.
If you’re thinking of buying or selling a home, now is a great time to get involved in the market. With homes selling quickly and an increase in active listings, there are plenty of opportunities to find your dream home or sell your current property.
Our team of experts is here to help guide you through the real estate process and answer any questions you may have. Stay tuned for more market updates and tips to help you navigate the real estate market with ease.
Send me a message so we can chat if you have any questions! I’m here to help!
Call me 210-279-7990 (yes, I’m local!) & Co-owner of OKCMetroGroup.com
or email me [email protected]
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