There is a record lack of homes for sale in the United States and prices are soaring. In Oklahoma it isn’t much different. Statewide there are 50% less homes for sale than last year and the average home price has increased 15%.
A metric used by the National Association of Realtors measures whether a market is better for buyers or sellers by estimating the time it would take to sell out of available homes. Six months of supply is considered a neutral market. Less than six months is considered a seller s market. In Oklahoma inventory is slightly less than two months.