In July, home prices fell moderately from the month before, with a median listing price of $284,250.
The number of listings on the market grew 1.7% from last month, which is a smaller increase than normal for this time of the year in Oklahoma City, and homes are also selling slower than at the same time last year.
Home prices in Oklahoma City
Typically, home price per square foot in Oklahoma City tend to fall in July. But the most recent data shows that the price per square foot increased by 0.2% compared with the month before.
So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 0.9%, which means price changes in OKC are outpacing the national market.
Oklahoma City inventory
In July, there were 1,748 homes for sale in Oklahoma City, which was 1.7% more than the month before and 31.3% more than the same time last year.
Meanwhile, active inventory across the nation rose by 1.9% from last month to 1,102,787.
The number of new listings in Oklahoma City was 776, which was 4.7% less than the month before and 5.4% less than the same time last year.
Nationally, the number of new listings fell by 3.9% from last month to 434,816.
Time on market
Homes in Oklahoma City take an average of 50 days to sell, according to July figures.
This is six days more than the previous month and six days more than the same month last year.
For comparison, nationally homes spent an average of 58 days on the market in July.
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.