July in OKC: What Homebuyers Should Know Right Now
Hey Friends š
If youāve been casually browsing homes or thinking about jumping into the market, hereās a quick July update on whatās going on around Oklahoma City.
š” More Homes, More Choices
Weāre seeing more homes pop up on the market than we did earlier this yearāespecially in that $250Kā$400K range. That means youāve got more options, and things arenāt flying off the shelves quite as fast. Itās still competitive in some spots, but overall, buyers are getting a little more breathing room.
š¬ Sellers Are Willing to Deal
Because there are more homes than buyers right now, a lot of sellers are open to negotiating on price, covering closing costs, or even making repairs to help a deal go through. Itās a great time to be a buyer whoās prepared and ready to move if the right thing comes along.
š” Interest Rates Are... Still Here
Rates are holding in the high 6sāsometimes more, sometimes lessāso talking to a great lender early can really help you set expectations and avoid surprises later. Even a small shift in rates can change your monthly payment quite a bit.
š§± Donāt Ignore the Fixers
Updated homes are still hot, but the ones that need a little love? Sitting longer. That can mean a solid deal if youāre open to doing a few updatesāor even just living with some āvintageā finishes for a while.
If you're still looking (or about to start), I'm happy to send ideas, help you run numbers, or just talk through your plans. I'm a local agent, no pressure at allājust here if you need a free resource who knows the area and has your back.
Talk soon,
Sabrina
Arrived OKC
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