Does It Make Sense to List My Home This Year in Oklahoma?

As we enter the final stretch of 2024, many Oklahoma homeowners ask, "Is it still a good time to list my home?" The answer is: Absolutely!

Low Inventory and High Demand

Housing inventory remains low, well below historical averages, keeping the market in sellers’ favor. In Oklahoma, this trend is evident across both urban and suburban areas. Less competition means quicker sales and stronger offers for you.

Mortgage Rates Are Boosting Buyer Interest

Recent drops in mortgage rates have significantly increased buyer purchasing power. Buyers who’ve been on the sidelines are now re-entering the market, eager to take advantage of lower rates. For every 1% drop in rates, home prices can increase by 5-10%, which means listing now could help you sell for a higher price.

Oklahoma’s Market Advantage

Nationally, the median home price is around $430K, and while Oklahoma trends a bit lower, the state’s affordability and steady appreciation make it attractive to both local and out-of-state buyers. This could work in your favor if you list soon.

Is There Time to Sell?

Yes! Even though we’re approaching the end of the year, the Oklahoma market stays active during the winter months. Motivated buyers, especially with improved affordability, are still looking to close deals before year-end.

Local Factors Matter

While national trends support selling, local factors like job growth and neighborhood appeal play a crucial role in Oklahoma’s market. The Justiz League Real Estate Team is here to help you navigate these specific elements to make the best decision for your home.

Conclusion: Now is a Great Time to Sell

With low inventory, favorable mortgage rates, and ongoing demand, listing your home before 2024 ends could be a smart move. Don’t wait—there’s still time to capitalize on this market!

Contact the Justiz League Real Estate Team today to discuss your options!