Hey there, real estate enthusiasts!

I'm Jennie Wolek from the Wolek Group at Keller Williams Realty, and I'm excited to share the latest scoop on Tulsa's real estate market. We've been closely monitoring the trends, and I've got some great news to share!

A Year of Progress

When we compare this year to last year, we're seeing some positive shifts. While we experienced a bit of a slowdown in 2023, it seems like we're bouncing back to a more balanced market.

• Increased Inventory: One of the biggest changes is the increase in available homes. This means more choices for buyers and potentially less competition.

• Rising Sales: Both closed and pending sales are on the rise, which is a good sign for the market.

• Longer Days on Market: While homes are still selling, it's taking a bit longer. This gives buyers more time to consider their options.

• Steady Prices: Despite the increased inventory, average sales prices are still climbing. This is good news for sellers.

What This Means for You:

Whether you're a buyer or a seller, this market shift offers some unique opportunities.

For Buyers:

• More Choices: With more homes on the market, you have a better chance of finding your dream home.

• Less Competition: Reduced competition can lead to more favorable negotiation terms.

For Sellers:

• Steady Prices: Even with a more balanced market, you can still expect strong prices for your home.

• Strategic Pricing: Working with a knowledgeable real estate agent can help you price your home competitively to attract buyers quickly.

Remember, these are just general trends. Local market conditions can vary, so it's important to consult with a local real estate expert to get the most accurate and up-to-date information.

If you have any questions or need assistance with buying or selling a home in the Tulsa area, don't hesitate to reach out to us. We're here to help you navigate the market and achieve your real estate goals.

Stay tuned for more updates and insights!