If you’re stuck wondering whether now’s the right time to buy in Oklahoma, you’re not alone — and you’re not wrong for asking.
I’ve had this same conversation with teachers in Norman, military families in Lawton, first-time buyers in Tulsa, and newlyweds trying to land a home in Edmond. And the truth is, the market’s in a weird spot — but that doesn’t mean it’s the wrong time.
Let’s break down what’s really going on in Oklahoma housing — and how to decide if this is your window.
What’s Actually Happening in the Oklahoma Housing Market?
We’re not crashing, but we’re also not skyrocketing.
Instead, we’re in a unique middle ground where inventory is rising, but many buyers are still sitting on the sidelines — which actually opens up opportunity if you’re prepared.
Quick Stats:
- OKC listings are up 21% year-over-year
- Total inventory jumped 43.3% (OKC metro, June 2025)
- Homes are sitting 37% longer on market (41 days vs. 30 last year)
- Statewide inventory is up ~20% over 2024
“You’ve got more houses to pick from, and fewer buyers competing for them. That’s a rare combo.”
Citations at the end of this post.
What That Means for Buyers in 2025
You have more leverage than we’ve seen in years:
You Can Negotiate
Sellers are now more likely to offer:
- Price reductions
- Closing cost credits
- 3-2-1 buydown coverage (a great way to temporarily lower your rate)
- Repair concessions
You Can Shop with Less Stress
The pace has slowed. You’re not racing 12 other offers or waiving inspections just to be considered.
You Can Be Smart — Not Rushed
Buyers today can pause, ask smart questions, and make decisions that actually feel good.
But What About the Interest Rates?
Yep, they’re still elevated compared to a few years ago. But they don’t tell the full story. Here’s why:
- You can refinance later if rates drop — you’re not locked in for life.
- Rent is still more expensive long-term (and 100% interest).
- Programs exist to soften the blow — from buydowns to seller credits.
As a mortgage broker, I can shop multiple lenders to find you the best rate and product — not just the one a single bank offers. That flexibility matters more than ever in a high-rate market.
Pro Tip:
“Don’t wait for perfect conditions. In real estate, time in the market usually beats timing the market.”
A Buyer Story (Based on Real Conversations)
Let’s take Brittany and Darnell, a couple from Tulsa who almost hit pause.
They were worried about rates — until we ran their numbers using a 2-1 buydown. We found a home with a seller offering $10K in credits and structured a plan that kept them well within budget. They didn’t even need a full credit pull to start.
They got the home, avoided rent increases, and plan to refinance down the road.
This story is based on real buyer scenarios — and results like this are more common than you’d think right now.
Should You Wait or Buy in Oklahoma Now?
Here’s a quick breakdown:
| If You Buy Now | If You Wait |
| Lock in today’s home prices | Risk higher prices if rates drop later |
| Negotiate seller-paid incentives | Face more competition |
| Build equity starting now | Keep renting and delaying wealth building |
| Use tools like buydowns or credits | Possibly miss today’s market flexibility |
The “perfect” time usually isn’t obvious — until it’s already passed.
How to Know If You’re Ready to Explore Buying
- You plan to stay in Oklahoma for at least 3–5 years
- You’ve got steady income and basic savings for closing costs/down payment
- You’re tired of renting or want more control over your living space
- You’re ready to at least explore your options — even if you’re not fully committed yet
Ready to See What’s Possible?
Here’s the good news:
You don’t have to commit, stress, or take a hit to your credit just to start the conversation.
Click here to get pre-qualified — no credit pull required
Want to talk it through first? Schedule a free call with me right here
Whether you’re ready to apply or just want answers, I’ve got you covered — and I’ll walk you through it in plain English. No pressure. No jargon. Just options.
You can also catch the latest buyer Q&A episode on The OK Mortgage Guy Podcast to hear how others are navigating the same questions.
— Chris Ulish
The OK Mortgage Guy
Sources
- OKC Market Stats June 2025 – Flotilla Real Estate
- Rocket Homes OKC Metro Report – Rocket.com
- National Inventory Trends – Realtor.com
- Oklahoma Housing Forecast – Houzeo
