Demand keeps real estate market competitive

When the COVID-19 shutdowns hit in March 2020, virtually all home sales in Southern Oklahoma came to a halt for approximately a month and a half. As soon as sales resumed, they came back in a big way and a seller’s market was born.

A seller’s market refers to a housing situation where the demand for homes to purchase is higher than the number of homes available, and the seller’s market in the Ardmore area has remained in place for almost two years.

Marcus Cunningham, managing broker with United Country Southern Oklahoma Reality, illustrated the situation by sharing figures collected by the Greater Tulsa Association of Realtors. In addition to the Tulsa area, the numbers also include all of Southern Oklahoma and a large portion of the eastern region of the state.

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