2024 Real Estate Market Update: Oklahoma City And Edmond - What You Need To Know after 1st quarter.

Check out Keith's latest video showcasing the 1st Quarter 2024 Real Estate Market Report for Oklahoma City and Edmond, OK. Interest rates are still hovering around the 7% mark for a conventional loan going into the second quarter of 2024. How is this affecting the real estate market? Watch the full video to find out!
Oklahoma City is seeing a boost in new listings and pending sales, but closed sales remain about the same as a year prior. Average days on market are up a little bit along with median sales price. As anyone in the current market knows, affordability is higher than it has been in a quite a while.
Edmond is seeing a similar boost in new listings, pending, & closed sales. Median sales price are down as properties are taking slightly longer to sell.
What does this mean for the real estate market moving forward in 2024? Watch the video for Keith's predictions based on all the information gathered from the first quarter!

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