Quote Originally Posted by OKCRealtor View Post
We actually just looked at OKC metro inventory this week and compared y/y back to 2017. Inventory in OKC is less than it was at this time last year and actually every year we looked back to. I would agree we should be in the beginning stages of a shift with inflation/interest rates on the rise but as long as inventory is so low and demand continues to outstrip supply it's hard to imagine a correction. We are at historic low levels of inventory here still, less that a couple months supply. National correction in some places inevitable, will be interesting to see what happens here since we've done so well economically and continue to grow. Lot's of people still moving in from out of state as well. Buyers should get some relief as rates & prices continue to rise but it hasn't happened yet. Rates are up ~ 1.25-1.5 % off their lows already but it's still the same story. I'm not selling anything (unless it's brand new or off market) still that's not a multiple offer (have been in 5 multiple offers- all different clients looking for different things) just in the last week and it's only February still and as hot as ever.
I've written 35 offers for 6 clients since Jan 1 and haven't landed a single one yet. Stupid money everywhere.