May 21, 2024


We Do Fine Home

Bidding wars for homes for sale pick up again in Oklahoma City

A construction crew work in Sara Park, an addition developed by a subsidiary D.R. Horton at SW 38 and S Sara Road.

Experiences of cooling in housing, if you see any, have to do with wintertime weather, not the sector.

February ended with less than 1,000 houses stated for sale in the Oklahoma City region.

Right after a quick flirtation with normalcy in January — with sellers on ordinary receiving just what they asked for, no much more — bidding wars picked up once again in February.

The telling statistic was “per cent of rate been given,” and that was 100.8% final month, as opposed with 100% flat the thirty day period in advance of, according to the Oklahoma City Metro Association of Realtors.

That’s in Oklahoma Metropolis and its suburbs. It was 99% in the broader swath of central and western Oklahoma protected by the affiliation. The closer to Oklahoma Town, the hotter the demand from customers, definitely, and the greater the price ranges compensated.