I Asked ChatGPT-4o for a Real Estate Market Update
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I was curious… can AI help realtors provide a local market update? I tested this out myself and have added my findings to the end of this blog post.
I’ve always believed that one of the best ways for realtors to provide valuable content on social media is to provide a local market update. Anytime I see the latest market data being shared on social media, I immediately stop my scroll. Real estate is relevant to almost everyone—whether they’re thinking about refinancing, planning to list their home, or keeping an eye on interest rates as they consider buying. The market affects us all in some way, and I’d bet most people are at least somewhat curious about how it’s performing. And who better to provide that information than a realtor they should hire!
So here’s how I went about this. I prompted ChatGPT-4o with this:
Trent: “I would like to use ChatGPT to inform people about the latest trends in the Oklahoma real estate market. Is this possible?”
ChatGPT-4o: “Yes, that's absolutely possible! You can use ChatGPT to gather market trends, summarize data, and generate engaging content. I can help you with market analysis, formatting, and even drafting.
Trent: “I'd like it to have a simple format and style. Maybe 3 or 4 paragraphs in total. I would like to inform people about current interest rates, housing inventory, median sell price, with comparisons to previous months and years. And I'd like sources for this data cited at the bottom.”
ChatGPT4-o: “In February 2025, Oklahoma's real estate market continues to exhibit steady growth. The average home value in the state has risen to $204,155, marking a 3.6% increase over the past year. (Zillow) This upward trend reflects sustained demand and a stable economic environment.
Housing inventory has also expanded, with the number of homes actively for sale increasing by 24.6% compared to the previous year. (Realtor) This growth in inventory offers buyers a wider selection of properties, potentially easing the competitive landscape observed in recent years.
Mortgage interest rates have experienced slight fluctuations. As of February 25, 2025, the average annual percentage rate (APR) for a 30-year fixed-rate mortgage in Oklahoma stands at 6.688%, reflecting a decrease of 6 basis points from the previous day. (NerdWallet) This decline may enhance affordability for prospective homebuyers, although rates remain elevated compared to historical lows.
Looking ahead, experts anticipate that Oklahoma's housing market will continue its positive trajectory. Projections suggest home prices may rise by approximately 3-4% annually through 2025, supported by ongoing inventory shortages and robust rental demand. (The Luxury Playbook) This forecast indicates a favorable environment for both buyers and investors in the region.
Sources:
Average home value:
Housing inventory increase:
Mortgage interest rates:
Home price projections:
Honestly, I was pleasantly surprised by this, but I’m also not a real estate professional. So I’m curious as to what your thoughts are as a realtor. Is this useful? Is the data that ChatGPT sourced reliable? Let me know your thoughts in the comments!
