Market Trends Are Giving Oklahoma City Buyers An Edge

The Oklahoma City metro housing market shifted toward buyer-friendly conditions in early November 2025, with 42.1% of active listings taking price reductions and inventory climbing 12.6% year over year to 6,249 homes. The combination of rising supply and softening demand created new negotiating opportunities across the OKC real estate market.

Weekly home absorption fell 18.5% compared to last year, dropping to 560 homes from 687 during the same period in 2024. The gap between new listings and absorbed homes widened as sellers brought 360 properties to market while buyers contracted on fewer homes, contributing to inventory buildup and extended selling times.

Inventory builds as selling pace slows

Active listings reached 6,249 single-family homes as of Nov. 1, 2025, up from 5,550 a year earlier. The metro maintained 3.0 months of supply, slightly above the national average of 2.9 months but below Oklahoma’s statewide level of 3.2 months. Homes sat on the market for a median of 77 days, matching the national pace but representing a two-week increase from last year’s 63 days.

The relisting rate hit 13.8%, indicating more than one in seven properties returned to market after being withdrawn or expired. Meanwhile, only 1.9% of sellers raised their asking prices, suggesting limited confidence in achieving higher valuations.

Pricing pressure mounts across metro

The median list price held at $325,000, down 1.2% from $328,840 a year ago. At $172.8 per square foot, Oklahoma City homes priced below both the state average of $166.3 and well under the national median of $213.1 per square foot.

Price reductions affected 42.1% of active inventory, with sellers who cut prices reducing their ask by a median of 5.2%. The high rate of price cuts, combined with minimal price increases, reflected sellers adjusting expectations to match current buyer demand.

How Oklahoma City compares

Oklahoma City’s median list price of $325,000 exceeded the state median of $311,357 by 4.4% but remained 25.3% below the national median of $435,000. The metro’s price per square foot of $172.8 sat between Oklahoma’s $166.3 and the U.S. average of $213.1.

Market conditions shifted to neutral territory after favoring sellers earlier in the year, aligning with broader regional trends as inventory accumulated and buyer activity moderated.

Real estate agents and homebuyers can track the 42.1% price reduction rate and 77-day median time on market as indicators of seller flexibility. Monitor whether weekly absorption stays near 560 homes or continues declining. Watch if months of supply pushes above 3.0, potentially signaling further shifts toward buyers.

Housing professionals can use the 42% price cut rate when advising sellers about realistic pricing strategies. Track the 560 weekly absorption figure to gauge actual buyer demand. Monitor months of supply at 3.0 to anticipate market direction. Share these metrics with clients to set appropriate expectations in a transitioning market. Leverage the 77-day median to prepare sellers for extended marketing periods. Advise buyers to negotiate aggressively given the high percentage of price reductions.

HousingWire used HW Data to source this story. To see what’s happening in your own local market, generate a housing market report. For enterprise clients looking to license the same market data at a larger scale, visit HW Data.