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Market Updates

Market Update (May 2026)

I get asked all the time, “So, how’s the market?”

While the headlines might tell you one thing, I like to dig into the numbers to find the real story.

For April, the data for the Greater OKC Metro gave me some insights you won’t hear from every other agent.
If you’re thinking about buying or selling, here are three things the numbers are telling us right now — and how to use that to your advantage:
 
1. Are buyers still getting help with closing costs?
For the Nerds: Over 52% of sellers paid buyer concessions in April, with the median contribution at nearly $6,900.
 
Translation: A lot of buyers still think they need a huge amount of cash to buy right now, but many sellers are helping cover closing costs. For some buyers, that changes the math more than they realize.
2. What happens when a home is priced right from the start?
For the Nerds: Homes that avoided price reductions sold in a median of 11 days at 100% of asking price. Homes that required reductions took 123 days and sold at 93.4% of original list price.
 
Translation: The market is rewarding realistic pricing right now. The homes that come out correctly positioned are still moving quickly, while overpriced homes are sitting, reducing, and usually selling for less in the end anyway.
3. Is the spring market still heating up?
For the Nerds: 
Pending sales: +2.9% month-over-month
Closed sales: +6.8% month-over-month
Median days on market: Dropped from 59 to 45 days
 
Translation: Buyers did not disappear this spring. More homes are going under contract, more are closing, and the best listings are moving much faster than they were earlier this year.
So, What Does This Mean for You?
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The market is active, but strategy matters more than ever.
 
For Buyers: You may have more negotiating power than you think. Many sellers are still helping with closing costs, and the homes sitting the longest are often creating opportunities for buyers willing to act strategically.
 
For Sellers: The market is still active, but buyers are selective. Homes that are priced correctly and show well are moving quickly, while overpriced homes are sitting longer and usually requiring reductions later.
 
If you’re curious how this applies to your home or neighborhood, just click below to schedule a chat or text me at (405) 606-1914.
 
Want to see the full data? You can download the complete market report here: [Download Full Market Report]
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Contact Details

Cassidy Johnson

Phone

(405) 606-1914

Email

[email protected]

Address

Oklahoma City OK 73118

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