Hey there, Tulsa homebuyers and sellers! Jennie Wolek here with The Wolek Group, bringing you your September Market Update—a tale of two trends, and there’s a lot to unpack.

Let’s talk about what’s happening in the Tulsa real estate scene. The Tulsa MLS has done some serious number crunching, and we’ve got some interesting shifts. Some areas are heating up, while others are cooling off just a bit.

Here are the key takeaways:

Inventory is Up!
This is great news for buyers who've been navigating a tight market. We’re finally seeing more homes on the market, which opens up opportunities. But heads up, sellers—it’s still a seller’s market, so don’t get too comfy just yet!

Prices Continue to Rise
The good news (or bad, depending on your view) is that prices are still climbing, although at a slightly slower pace. Neighborhoods with high demand are still seeing price jumps, so buyers, you’ll need to stay on your toes.

Days on Market are Growing
Homes are lingering on the market a bit longer than they did last year. This gives buyers more time to shop, but sellers, this is where pricing strategy becomes crucial.

Competition Remains Fierce
Even with more inventory, competition is still high, especially for those well-priced homes in hot locations. Buyers, you still need to be quick and strategic!

What does this mean for you?

If you’re a buyer, you’ve got more options to choose from, but be patient and do your homework. However, when the right house comes along, you’ll still need to act fast!

If you’re a seller, pricing your home right is key. A competitively priced home will get you more interest and a faster sale.

As always, The Wolek Group is here to guide you every step of the way. Whether you’re buying or selling, we’ll create a personalized strategy to meet your needs. Let’s chat about how we can help you reach your real estate goals!

Check out the full report here.