October 2026 Real Estate Market Update
Edmond & Oklahoma City: Longer Selling Times, Higher Inventory, Fewer New Contracts
September 2026 market data | Updated September 30, 2026
Edmond / Deer Creek • Oklahoma City Metro • Yukon / Mustang
Three indicators moved in the same direction from August to September: days on market increased, months of inventory increased, and pending contracts decreased in all three areas.
My assessment: we are operating largely in a buyer’s market. The remaining qualifications are pricing and the percentage of list price sellers receive. Prices are still showing resilience, although results vary by area, and list-to-sale price ratios remain approximately 98% or higher. A broader, sustained decline in both would make the buyer’s-market designation more definitive.
What Changed Since Last Month?
| Area | Avg. days on market | Months of inventory | Pending contracts |
|---|---|---|---|
| Edmond / Deer Creek | 42 → 56 | 3.4 → 4.9 | 410 → 295 (−28%) |
| Oklahoma City Metro | 47 → 56 | 4.1 → 5.0 | 2,234 → 1,886 (−16%) |
| Yukon / Mustang | 40 → 50 | 4.1 → 4.7 | 230 → 201 (−13%) |
Average selling time increased by 14 days in Edmond/Deer Creek, nine days across the metro, and 10 days in Yukon/Mustang. Pending contracts fell in all three areas both month over month and year over year.
August figures: September market update . Monthly contract changes are calculated and rounded. Month-over-month comparisons are not seasonally adjusted.
Prices and List-to-Sale Ratios: The Remaining Qualifications
September’s average sale price was up 3% year over year across the Oklahoma City metro, down 1% in Edmond/Deer Creek, and down 6% in Yukon/Mustang. Prices are holding better in some areas than others; the figures do not show uniform price strength.
List-to-sale price ratios remained at 98.6% in Edmond/Deer Creek, 97.9% across the metro, and 98.5% in Yukon/Mustang. The Edmond ratio was slightly higher than August’s; the metro and Yukon/Mustang ratios were lower.
Longer selling times, higher inventory, and fewer new contracts support the shift toward a buyer’s market. I am watching for more consistent price declines and a sustained drop in list-to-sale ratios before calling it a fully established buyer’s market across the board.
Average sale prices reflect the mix of homes sold and do not measure the change in value of an individual property. List-to-sale ratios alone do not capture prior asking-price reductions or all seller concessions.
Edmond / Deer Creek Housing Market
Inventory reached 4.9 months, up 28% year over year. Pending contracts declined 10%, and average days on market increased to 56 from 53. Closed sales increased 7%.
| Market indicator | Sept. 2026 | Sept. 2025 | Change |
|---|---|---|---|
| New listings | 547 | 528 | +4% |
| Active listings | 1,452 | 1,249 | +16% |
| Pending sales | 295 | 326 | −10% |
| Closed sales | 368 | 345 | +7% |
| Months of inventory | 4.9 | 3.8 | +28% |
| Average sales price | $428,746 | $432,011 | −1% |
| Average price per sq. ft. | $184.33 | $186.37 | −1% |
| Average days on market | 56 | 53 | +6% |
| List-to-sale price ratio | 98.6% | 98.2% | +0.4 pts |
Oklahoma City Metro Housing Market
Inventory reached 5.0 months, up 9% year over year. Pending contracts declined 3%, and average days on market increased to 56 from 51. Closed sales increased 1%.
| Market indicator | Sept. 2026 | Sept. 2025 | Change |
|---|---|---|---|
| New listings | 3,353 | 3,229 | +4% |
| Active listings | 9,386 | 8,880 | +6% |
| Pending sales | 1,886 | 1,939 | −3% |
| Closed sales | 1,978 | 1,962 | +1% |
| Months of inventory | 5.0 | 4.6 | +9% |
| Average sales price | $323,602 | $315,696 | +3% |
| Average price per sq. ft. | $168.37 | $165.89 | +1% |
| Average days on market | 56 | 51 | +10% |
| List-to-sale price ratio | 97.9% | 97.7% | +0.2 pts |
Yukon / Mustang Housing Market
Inventory reached 4.7 months, up 21% year over year. Pending contracts declined 1%. Average days on market rose from August’s 40 to 50, but remained below last September’s 54. Closed sales increased 3%.
| Market indicator | Sept. 2026 | Sept. 2025 | Change |
|---|---|---|---|
| New listings | 369 | 279 | +32% |
| Active listings | 940 | 784 | +20% |
| Pending sales | 201 | 203 | −1% |
| Closed sales | 202 | 197 | +3% |
| Months of inventory | 4.7 | 3.9 | +21% |
| Average sales price | $286,047 | $303,374 | −6% |
| Average price per sq. ft. | $161.24 | $163.19 | −2% |
| Average days on market | 50 | 54 | −7% |
| List-to-sale price ratio | 98.5% | 99.3% | −0.8 pts |
