Summary:

– Total listings up 17.2% year over year.

– New listings drop 2.6% as seller confidence dips.

– Median price growth trails U.S. average at 1.6%.

Preliminary September data show the Oklahoma City residential market is experiencing a supply build-up that is driving new listings down.

“Oklahoma City is starting to show signs of stagnant housing inventory, with active listings hitting new record highs even as new listings decline from the prior year. As turnover decreases, sellers are likely to become more hesitant to place their homes on the market,” Cody Gibbs , director of market analytics at Homes.com , said in the company’s monthly housing report.

The inventory of homes for sale in the Oklahoma City market rose for the third consecutive month in September. Listings

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