Ryan Serhant in a maroon blazer smiles in front of a modern house at dusk, next to a quote about uncertainty in the real estate market.

Ryan Serhant Calls It “Nobody’s Market.” Here’s How Buyers in Oklahoma City Can Still Win

Buying a home right now can feel exhausting.

Rates aren’t where you’d like them to be. Prices haven’t exactly slowed down. And every headline seems to contradict the last one. It’s no surprise so many buyers are stuck in wait-and-see mode.

Here’s the twist: waiting may not actually make things clearer.

Mortgage rates have dipped into the low-6% range (around 6.3%), and buyer activity has already started picking up. That’s encouraging — but it also raises a big question for Oklahoma City buyers:

Is this the moment to move, or another false start?

Ryan Serhant — star of Netflix’s Owning Manhattan — recently weighed in on FOX Business with an answer that caught a lot of people off guard.

“This isn’t a buyer’s market or a seller’s market. It’s nobody’s market because no one knows what to do.”

And honestly? That’s exactly what we’re seeing locally.

Oklahoma City Market Snapshot (2025)

Here’s what the numbers look like right now:

  • Median home price: $320,000
  • Active listings: 6,095
  • Average days on market: 22

Homes are still moving — just not with the frenzy of a few years ago. That creates opportunity for buyers who are prepared and flexible.

What’s Really Going On With Mortgage Rates

A lot of hesitation right now comes down to rates.

Buyers are worried about affordability. Sellers are unsure when to sell. And everyone seems to be waiting for rates to fall dramatically.

The problem? Most forecasts don’t show that happening anytime soon.

Realtor.com expects rates to hover right around where they are now — generally in the low 6s — for the foreseeable future. Ryan Serhant put it bluntly:

“The new normal is not low rates. People think lower rates are coming back — they’re not.”

That doesn’t mean buying is a bad idea. It just means the strategy has changed.

Why Today’s Buyers Need to Think Differently

Instead of waiting for perfect conditions, successful buyers are getting more creative.

Serhant shared an example that’s becoming more common:

A buyer who never would’ve considered an adjustable-rate mortgage is now using one at just over 5% — because they don’t plan to stay in the home long-term, and it works for their monthly budget.

That’s the key: matching the financing to your real-life plans, not an outdated rule of thumb.

Smart Tools Buyers Are Using in Oklahoma City

Today’s market offers more flexibility than many buyers realize. Options worth exploring include:

  1. Adjustable-rate mortgages that align with how long you expect to own
  2. Temporary rate buy-downs to reduce early payments
  3. Seller credits to help with closing costs or interest rates
  4. Broadening your search to include homes others may be overlooking

There isn’t just one path to homeownership anymore — and that’s a good thing.

So… Is Now a Bad Time to Buy?

Not necessarily.

If you’re paying high rent, want to build equity, and plan to stay in Oklahoma City for a while, waiting for a “perfect” moment can backfire.

Serhant summed it up well:

“Affordability is a real issue. But if you’re renting and want to own, now is as good a time as any — with the right strategy.”

This may be “nobody’s market” — but with the right guidance, it can absolutely become your market.

The Takeaway

🏡 The market isn’t frozen — it’s cautious.
📉 Rates may not drop dramatically, but smart financing still exists.
🧠 Strategy matters more than timing right now.

If buying in Oklahoma City is on your radar, the next step isn’t waiting — it’s getting a plan that actually fits your goals.