In June, home prices rose slightly from the month before, with a median listing price of $287,245.
The number of listings on the market grew 9.1%, which is a bigger increase than normal for this time of the year in Oklahoma City, and homes are also selling faster than at the same time last year.
Home prices in Oklahoma City
Typically, home price per square foot in Oklahoma City tend to rise in June. But the most recent data shows that the price per square foot decreased by 0.3% compared with the month before.
So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 0.4%, which means price changes in OKC are outpacing the national market.
Oklahoma City inventory
In June, there were 1,719 homes for sale in Oklahoma City, which was 9.1% more than the month before and 37.5% more than the same time last year.
Meanwhile, active inventory across the nation rose by 4.5% from last month to 1,082,520.
Time on market
Homes in Oklahoma City take an average of 44 days to sell, according to June figures.
This is five days more than the previous month and four days less than the same month last year.
For comparison, nationally homes spent an average of 53 days on the market in June.
Use the Realtor.com data portal to get more market data, broken down by state, metro or ZIP code.
* Here’s a live look at popular listings and recent home sales in Oklahoma City, OK.