• Philbrook Museum, Home of Waite Phillips in Midtown Tulsa, Oklahoma

    Philbrook Museum

  • Travis Mansion, Home of the Tulsa Historical Society in Midtown Tulsa

    Tulsa Historical Society

  • The Five Moons are five Native American ballerinas from the U.S. state of Oklahoma who achieved international prominence during the 20th century. They are Yvonne Chouteau, Rosella Hightower, Moscelyne Larkin, and sisters Maria Tallchief and Marjorie Tallchief

    The Five Moons

  • The Travis Mansion , Home of the Tulsa Garden Center

    Tulsa Garden Center

  • Tulsa Municipal Rose Garden at the Tulsa Garden Center in Woodward Park

    Tulsa Municipal Rose Garden

  • Tulsa Municipal Rose Garden at the Tulsa Garden Center in Woodward Park

    Tulsa Municipal Rose Garden

  • Tulsa Municipal Rose Garden at the Tulsa Garden Center in Woodward Park

    Tulsa Municipal Rose Garden

  • Tulsa Municipal Rose Garden at the Tulsa Garden Center at Woodward Park

    Tulsa Municipal Rose Garden

  • Linnaeus Garden at the Tulsa Garden Center in Woodward Park

    Linnaeus Garden

  • The Philbrook Museum of Art, Home of Waite Phillips

    Philbrook Museum

Tulsa Real Estate Market Statistics: May 2016 Inventory Analysis for the Tulsa MLS — Report dated June 15, 2016.

Tulsa Real Estate Market Inventory Analysis

May2016 MSAAverageMay 2016 MSA Average / May 2016 Tulsa Housing Stats

Tulsa Real Estate Market Inventory Analysis for the Tulsa MSA during May 2016 indicates the market is beginning to loosen up as inventory expands slightly since last month. Over the past year, our inventory of homes for sale has increased just slightly. Average sales price has decreased and the cumulative days on market has lengthened since last month. Since last year the average sales price has decreased, while the average days on market to sale has also decreased.

From data provided by the Greater Tulsa Association (the Tulsa MLS) the following statistics were compiled by RE STATS Inc. for the Area delimited by the following Northeast Oklahoma counties:

  • Creek County
  • Okmulgee County
  • Osage County
  • Pawnee County
  • Rogers County
  • Tulsa County
  • Wagoner County

Quick Summary

Absorption: Last 12 months an average of 1,155 sales per month

Active Inventory: As of May 31, 2016 = 5,673

Closed Listings: 1,314 (down 2.01% below a year ago)

Pending Listings: 1,449 (up 11.63% above a year ago)

New Listings: 2,316 (up 8.02% above a year ago)

Average List Price: $185,982 (down 0.56% below a year ago)

Average Sale Price: $180,763 (down 0.50% below a year ago)

Average Percent of List Price to Selling Price: 97.20% (down 0.11% below a year ago)

Average Days on Market to Sale: 42.45 days (down 8.16% above a year ago)

End of Month Inventory: 5,673 (down 0.41% below a year ago)

Months Supply of Inventory: 4.91 months (down 0.99% below a year ago)

Analysis Wrap Up

Months Supply of Inventory (MSI) Decreases

The total housing inventory at the end of May 2016 rose 0.41% to 5,673 existing homes available for sale. Over the last 12 months this area has had an average of 1,155 closed sales per month. This represents an unsold inventory index of 4.91 MSI for this period.

Average Sale Prices Falling

According to the preliminary trends, this market area has experienced some downward momentum with the decline of Average Price this month. Prices dipped 0.50% in May 2016 compared to $180,763 versus the previous year at $181,674.

Average Days on Market Shortens

The average number of 42.45 days that homes spent on the market before selling decreased by 3.77 days or 8.16% in May 2016 compared to last year’s same month at 46.22 DOM.

Sales Success for May 2016 is Positive

Overall, with Average Prices falling and Days on Market decreasing, the Listed versus Closed Ratio finished weak this month.

There were 2,316 New Listings in May 2016, up 8.02% from last year at 2,144. Furthermore, there were 1,314 Closed Listings this month versus last year at 1,341, a 2.01%decrease.

Closed versus Listed trends yielded a 56.7% ratio, down from last year’s May 2016 at 62.5%, a 9.29% downswing. This will certainly create pressure on an increasing Month’s Supply of Inventory (MSI) in the following months to come.

Here is the full report:

May 2016 MSA Average

If you want to see specific market share information for your midtown Tulsa neighborhood or subdivision, contact Debbie Solano at 918-724-8201.

Get Shortlink: http://midtowntulsarealestate.net/?p=1148
————————————————————–

Copyright© 2016 by Debbie Solano — ALL RIGHTS RESERVED — Midtown Tulsa Real Estate — Tulsa Real Estate Market Statistics: May 2016 Inventory Analysis for the Tulsa MLS

Here are the market statistics for the three-month period from February 25, 2016 to May 25, 2016.

Compare these statistics with previous months’ statistics and see the trends for yourself.

Midtown Tulsa Absorption Rate Graph for May 25, 2016Midtown Tulsa Absorption Rate Graph for May 25, 2016

Midtown Tulsa Real Estate Sales Statistics for Homes Sold by Price Point

(for the three-month period from February 25, 2016 to May 25, 2016)

Here are the latest market statistics for Midtown Tulsa.

Overall Average

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 2
Average Number of Half Bathrooms: 0
Average Number of Garage Spaces: 1
Median Year Built: 1950
Average Square Footage (heated space): 1,817
Average Acreage: 0.25
Average List Price: $233,446.00
Average List Price Per Square Foot: $128.48
Average Sales Price: $225,065.00
Average Sales Price Per Square Foot: $123.87
Average Sales Price to List Price Ratio: 96.65%
Average Cumulative Days on Market: 57
Months Supply of Homes: 2.79
Odds of Selling in 90 Days: 32.94%

Up to $100,000

Average Number of Bedrooms: 2
Average Number of Full Bathrooms: 1
Average Number of Half Bathrooms: 0
Average Number of Garage Spaces: 1
Median Year Built: 1945
Average Square Footage (heated space): 1,102
Average Acreage: 0.19
Average List Price: $78,273.00
Average List Price Per Square Foot: $71.03
Average Sales Price: $73,572.00
Average Sales Price Per Square Foot: $66.76
Average Sales Price to List Price Ratio: 93.78%
Average Cumulative Days on Market: 62
Months Supply of Homes: 2.05
Odds of Selling in 90 Days: 40.38%

$100,000 to $150,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 1
Average Number of Half Bathrooms: 0
Average Number of Garage Spaces: 1
Median Year Built: 1952
Average Square Footage (heated space): 1,390
Average Acreage: 0.20
Average List Price: $125,814.00
Average List Price Per Square Foot: $90.51
Average Sales Price: $122,967.00
Average Sales Price Per Square Foot: $88.47
Average Sales Price to List Price Ratio: 97.78%
Average Cumulative Days on Market: 40
Months Supply of Homes: 1.45
Odds of Selling in 90 Days: 43.88%

$150,000 to $250,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 2
Average Number of Half Bathrooms: 0
Average Number of Garage Spaces: 2
Median Year Built: 1943
Average Square Footage (heated space): 1,792
Average Acreage: 0.24
Average List Price: $198,536.00
Average List Price Per Square Foot: $110.79
Average Sales Price: $192,044.00
Average Sales Price Per Square Foot: $107.17
Average Sales Price to List Price Ratio: 97.15%
Average Cumulative Days on Market: 54
Months Supply of Homes: 2.13
Odds of Selling in 90 Days: 36.32%

$250,000 to $350,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 2
Average Number of Half Bathrooms: 0
Average Number of Garage Spaces: 2
Median Year Built: 1948
Average Square Footage (heated space): 2,229
Average Acreage: 0.26
Average List Price: $310,322.00
Average List Price Per Square Foot: $139.22
Average Sales Price: $300,928.00
Average Sales Price Per Square Foot: $135.01
Average Sales Price to List Price Ratio: 97.10%
Average Cumulative Days on Market: 47
Months Supply of Homes: 1.92
Odds of Selling in 90 Days: 39.13%

$350,000 to $450,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 2
Average Number of Half Bathrooms: 1
Average Number of Garage Spaces: 2
Median Year Built: 1950
Average Square Footage (heated space): 2,660
Average Acreage: 0.29
Average List Price: $407,920.00
Average List Price Per Square Foot: $153.35
Average Sales Price: $392,363.00
Average Sales Price Per Square Foot: $147.50
Average Sales Price to List Price Ratio: 96.27%
Average Cumulative Days on Market: 103
Months Supply of Homes: 3.72
Odds of Selling in 90 Days: 26.60%

$450,000 to $600,000

Average Number of Bedrooms: 4
Average Number of Full Bathrooms: 3
Average Number of Half Bathrooms: 1
Average Number of Garage Spaces: 2
Median Year Built: 1952
Average Square Footage (heated space): 3,446
Average Acreage: .37
Average List Price: $508,100.00
Average List Price Per Square Foot: $146.60
Average Sales Price: $490,375.00
Average Sales Price Per Square Foot: $141.48
Average Sales Price to List Price Ratio: 96.66%
Average Cumulative Days on Market: 94
Months Supply of Homes: 10.50
Odds of Selling in 90 Days: 13.11%

$600,000 to $800,000

Average Number of Bedrooms: 4
Average Number of Full Bathrooms: 4
Average Number of Half Bathrooms: 1
Average Number of Garage Spaces: 2
Median Year Built: 1958
Average Square Footage (heated space): 4,082
Average Acreage: 0.70
Average List Price: $694,056.00
Average List Price Per Square Foot: $170.03
Average Sales Price: $677,278.00
Average Sales Price Per Square Foot: $165.92
Average Sales Price to List Price Ratio: 97.5%
Average Cumulative Days on Market: 87
Months Supply of Homes: 13.33
Odds of Selling in 90 Days: 11.39%

$800,000 to $1,200,000

Average Number of Bedrooms: 4
Average Number of Full Bathrooms: 4
Average Number of Half Bathrooms: 1
Average Number of Garage Spaces: 3
Median Year Built: 2007
Average Square Footage (heated space): 4,667
Average Acreage: 0.31
Average List Price: $1,018,350
Average List Price Per Square Foot: $218.20
Average Sales Price: $977,859.00
Average Sales Price Per Square Foot: $209.53
Average Sales Price to List Price Ratio: 96.28%
Average Cumulative Days on Market: 80
Months Supply of Homes: 10.13
Odds of Selling in 90 Days: 14.04%

Above $1,200,000

Average Number of Bedrooms: 5
Average Number of Full Bathrooms: 5
Average Number of Half Bathrooms: 2
Average Number of Garage Spaces: 3
Median Year Built: 1955
Average Square Footage (heated space): 5,953
Average Acreage: 1.01
Average List Price: $1,542,500.00
Average List Price Per Square Foot: $259.11
Average Sales Price: $1,431,250.00
Average Sales Price Per Square Foot: $240.42
Average Sales Price to List Price Ratio: 93.30%
Average Cumulative Days on Market: 174
Months Supply of Homes: 14.25
Odds of Selling in 90 Days: 11.43%

Statistics compiled by Debbie Solano, ALC, CRS, from data provided by NORES and the Greater Tulsa Association of REALTORS® for the period from February 25, 2016 through May 25, 2016.

Area covered includes single-family houses located between I-244 and I-44 from River Parks to Sheridan.

Information is deemed reliable, but not guaranteed. Does not reflect all market activity.

Get Shortlink: http://midtowntulsarealestate.net/?p=1123
________________________________________________________________________
Debbie Solano is an Accredited Land Consultant and Certified Residential Specialist with a Broker-Associate license which hangs at the Midtown Tulsa office of Coldwell Banker Select REALTORS®. She would enjoy your feedback or questions. She can be reached at 918-724-8201 or dsolano@cbTulsa.com.

Copyright © 2016 by Deborah M. Solano — ALL RIGHTS RESERVED — Midtown Tulsa Real Estate — Midtown Tulsa Real Estate Market Statistics: May 2016

Broken Arrow Real Estate Sales Statistics for Homes Sold by Price Point

(for the three-month period from February 25, 2016 to May 25, 2016)

What are the chances of selling my house in Broken Arrow? Wait a minute! Why are real estate market statistics for Broken Arrow showing up on a website for Midtown Tulsa Real Estate? The simple answer is that I don’t have any better place to publish these real estate statistics for Broken Arrow. TulsaRealEstateWeb.com is in the process of being revamped

My farm and ranch websites (OKLandAndRanches.com and OklahomaHorseProperties.com) don’t really seem appropriate either.

Besides, you may decide that you can find a bigger house for less money in Broken Arrow. The market is moving just as fast in Broken Arrow as it is in Tulsa. There is tight inventory in both markets. In both markets the sellers have an advantage at the lower price points, while the buyers have the advantage at the higher price points.

Remember, a balanced market is one with a six-month supply of homes.

Take a look at the statistics for the Broken Arrow real estate market below and compare them with the real estate market in midtown Tulsa. These statistics will show you how fast homes are selling in Broken Arrow.

Overall Average for Houses in Broken Arrow

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 2
Average Number of Half Bathrooms: 0
Average Number of Garage Spaces: 2
Median Year Built: 1999
Average Square Footage (heated space): 2,046
Average Acreage: 0.38
Average List Price: $188,409.00
Average List Price Per Square Foot: $92.09
Average Sales Price: $183,373.00
Average Sales Price Per Square Foot: $89.63
Average Sales Price to List Price Ratio: 98.63%
Average Cumulative Days on Market: 63
Months Supply of Homes: 2.86
Odds of Selling in 90 Days: 32.50%

Up to $100,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 2
Average Number of Half Bathrooms: 0
Average Number of Garage Spaces: 2
Median Year Built: 1977
Average Square Footage (heated space): 1,430
Average Acreage: 0.28
Average List Price: $86,043.00
Average List Price Per Square Foot: $60.17
Average Sales Price: $82,956.00
Average Sales Price Per Square Foot: $58.01
Average Sales Price to List Price Ratio: 97.01%
Average Cumulative Days on Market: 38
Months Supply of Homes: 1.27
Odds of Selling in 90 Days: 53.15%

$100,000 to $150,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 2
Average Number of Half Bathrooms: 0
Average Number of Garage Spaces: 2
Median Year Built: 1982
Average Square Footage (heated space): 1,561
Average Acreage: 0.26
Average List Price: $130,373.00
Average List Price Per Square Foot: $83.52
Average Sales Price: $128,689.00
Average Sales Price Per Square Foot: $82.44
Average Sales Price to List Price Ratio: 98.92%
Average Cumulative Days on Market: 49
Months Supply of Homes: 1.09
Odds of Selling in 90 Days: 43.47%

$150,000 to $200,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 2
Average Number of Half Bathrooms: 0
Average Number of Garage Spaces: 2
Median Year Built: 2002
Average Square Footage (heated space): 2,005
Average Acreage: 0.36
Average List Price: $172,200.00
Average List Price Per Square Foot: $85.89
Average Sales Price: $170,097.00
Average Sales Price Per Square Foot: $84.84
Average Sales Price to List Price Ratio: 98.93%
Average Cumulative Days on Market: 54
Months Supply of Homes: 1.52
Odds of Selling in 90 Days: 41.14%

$200,000 to $250,000

Average Number of Bedrooms: 4
Average Number of Full Bathrooms: 2
Average Number of Half Bathrooms: 0
Average Number of Garage Spaces: 2
Median Year Built: 2006
Average Square Footage (heated space): 2,388
Average Acreage: 0.37
Average List Price: $225,943.00
Average List Price Per Square Foot: $94.62
Average Sales Price: $223,285.00
Average Sales Price Per Square Foot: $93.50
Average Sales Price to List Price Ratio: 98.91%
Average Cumulative Days on Market: 79
Months Supply of Homes: 3.77
Odds of Selling in 90 Days: 29.21%

$250,000 to $300,000

Average Number of Bedrooms: 4
Average Number of Full Bathrooms: 3
Average Number of Half Bathrooms: 1
Average Number of Garage Spaces: 3
Median Year Built: 2006
Average Square Footage (heated space): 2,907
Average Acreage: 0.31
Average List Price: $281,091.00
Average List Price Per Square Foot: $96.69
Average Sales Price: $275,953.00
Average Sales Price Per Square Foot: $94.93
Average Sales Price to List Price Ratio: 98.19%
Average Cumulative Days on Market: 102
Months Supply of Homes: 8.76
Odds of Selling in 90 Days: 15.81%

$300,000 to $350,000

Average Number of Bedrooms: 4
Average Number of Full Bathrooms: 3
Average Number of Half Bathrooms: 0
Average Number of Garage Spaces: 3
Median Year Built: 2011
Average Square Footage (heated space): 3,267
Average Acreage: .42
Average List Price: $333,478.00
Average List Price Per Square Foot: $102.07
Average Sales Price: $325,244.00
Average Sales Price Per Square Foot: $99.55
Average Sales Price to List Price Ratio: 97.71%
Average Cumulative Days on Market: 90
Months Supply of Homes: 8.09
Odds of Selling in 90 Days: 17.83%

$350,000 to $400,000

Average Number of Bedrooms: 4
Average Number of Full Bathrooms: 3
Average Number of Half Bathrooms: 1
Average Number of Garage Spaces: 3
Median Year Built: 2012
Average Square Footage (heated space): 3,634
Average Acreage: 0.35
Average List Price: $381,792.00
Average List Price Per Square Foot: $105.06
Average Sales Price: $372,052.00
Average Sales Price Per Square Foot: $102.38
Average Sales Price to List Price Ratio: 97.54%
Average Cumulative Days on Market: 137
Months Supply of Homes: 7.62
Odds of Selling in 90 Days: 17.57%

$400,000 to $500,000

Average Number of Bedrooms: 5
Average Number of Full Bathrooms: 4
Average Number of Half Bathrooms: 1
Average Number of Garage Spaces: 3
Median Year Built: 2011
Average Square Footage (heated space): 4,215
Average Acreage: 0.38
Average List Price: $450,608
Average List Price Per Square Foot: $106.91
Average Sales Price: $443,517
Average Sales Price Per Square Foot: $105.22
Average Sales Price to List Price Ratio: 98.40%
Average Cumulative Days on Market: 131
Months Supply of Homes: 7.25
Odds of Selling in 90 Days: 19.05%

Above $500,000

Average Number of Bedrooms: 5
Average Number of Full Bathrooms: 4
Average Number of Half Bathrooms: 1
Average Number of Garage Spaces: 3
Median Year Built: 2009
Average Square Footage (heated space): 4,645
Average Acreage: 5.47
Average List Price: $697,467.00
Average List Price Per Square Foot: $150.15
Average Sales Price: $662,333.00
Average Sales Price Per Square Foot: $142.59
Average Sales Price to List Price Ratio: 96.85%
Average Cumulative Days on Market: 120
Months Supply of Homes: 21.50
Odds of Selling in 90 Days: 8.96%

Statistics compiled by Debbie Solano, ALC, CRS, from data provided by NORES and the Greater Tulsa Association of REALTORS® for the period from February 25, 2016 through May 25, 2016.

Area covered includes single-family houses located in Broken Arrow Public School District (with a Broken Arrow or a Tulsa address) as well as single-family houses with a Broken Arrow address (which includes homes in Broken Arrow, Union, and Bixby Public School Districts.)

For current market statistics for your specific subdivision or neighborhood, please contact Debbie Solano at 918-724-8201.

Information is deemed reliable, but not guaranteed. Does not reflect all market activity.

Get Shortlink: http://midtowntulsarealestate.net/?p=1097
________________________________________________________________________
Debbie Solano is an Accredited Land Consultant and Certified Residential Specialist with a Broker-Associate license which hangs at the Midtown Tulsa office of Coldwell Banker Select REALTORS®. She would enjoy your feedback or questions. She can be reached at 918-724-8201 or dsolano@cbTulsa.com.

Copyright © 2016 by Deborah M. Solano — ALL RIGHTS RESERVED — Midtown Tulsa Real Estate — Broken Arrow Real Estate Market Statistics: May 2016

Tulsa Real Estate Market Statistics: April 2016 Inventory Analysis for the Tulsa MLS — Report dated May 12, 2016.

Tulsa Real Estate Market Inventory Analysis

April 2016 MSA AverageApril 2016 MSA Average / April 2016 Tulsa Housing Stats

Tulsa Real Estate Market Inventory Analysis for the Tulsa MSA during April 2016 indicates the market is beginning to loosen up as inventory expands slightly since last month. Over the past year, however, our inventory of homes for sale has shrunk. Average sales price has decreased and the cumulative days on market has lengthened since last month. However, since last year the average sales price has decreased while the average days on market to sale has also decreased.

From data provided by the Greater Tulsa Association (the Tulsa MLS) the following statistics were compiled by RE STATS Inc. for the Area delimited by the following Northeast Oklahoma counties:

  • Creek County
  • Okmulgee County
  • Osage County
  • Pawnee County
  • Rogers County
  • Tulsa County
  • Wagoner County

Quick Summary

Absorption: Last 12 months an average of 1,156 sales per month

Active Inventory: As of April 30, 2016 = 5,457

Closed Listings: 1,315 (up 14.85% above a year ago)

Pending Listings: 1,544 (up 4.82% over a year ago)

New Listings: 2,305 (down 1.71% below a year ago)

Average List Price: $173,130 (down 1.34% below a year ago)

Average Sale Price: $171,255 (down 0.99% below a year ago)

Average Percent of List Price to Selling Price: 97.51% (up 0.12% above a year ago)

Average Days on Market to Sale: 47.65 days (down 8.29% above a year ago)

End of Month Inventory: 5,457 (down 2.20% below a year ago)

Months Supply of Inventory: 4.72 months (down 4.04% below a year ago)

Analysis Wrap Up

Months Supply of Inventory (MSI) Decreases

The total housing inventory at the end of April 2016 decreased 2.20% to 5,457 existing homes available for sale. Over the last 12 months this area has had an average of 1,156 closed sales per month. This represents an unsold inventory index of 4.72 MSI for this period.

Average Sale Prices Falling

According to the preliminary trends, this market area has experienced some downward momentum with the decline of Average Price this month. Prices dipped 0.99% in April 2016 compared to $171,255 versus the previous year at $172,965.

Average Days on Market Shortens

The average number of 47.65 days that homes spent on the market before selling decreased by 4.31 days or 8.29% in April 2016 compared to last year’s same month at 51.96 DOM.

Sales Success for April 2016 is Positive

Overall, with Average Prices falling and Days on Market decreasing, the Listed versus Closed Ratio finished strong this month.

There were 2,305 New Listings in April 2016, down 1.71% from last year at 2,345. Furthermore, there were 1,315 Closed Listings this month versus last year at 1,145, a 14.85%increase.

Closed versus Listed trends yielded a 57.0% ratio, up from last year’s April 2016 at 48.8%, a 16.84% upswing. This will certainly create pressure on a decreasing Month’s Supply of Inventory (MSI) in the following months to come.

Here is the full report:

April 2016 MSA Average

If you want to see specific market share information for your midtown Tulsa neighborhood or subdivision, contact Debbie Solano at 918-724-8201.

Get Shortlink: http://midtowntulsarealestate.net/?p=1084
————————————————————–

Copyright© 2016 by Debbie Solano — ALL RIGHTS RESERVED — Midtown Tulsa Real Estate — Tulsa Real Estate Market Statistics: April 2016 Inventory Analysis for the Tulsa MLS

Here are the market statistics for the three-month period from January 25, 2016 to April 25, 2016.

Compare these statistics with previous months’ statistics and see the trends for yourself.

Midtown Tulsa Absorption Rate Graph for April 25, 2016Midtown Tulsa Absorption Rate Graph for April 25, 2016

Midtown Tulsa Real Estate Sales Statistics for Homes Sold by Price Point

(for the three-month period from January 25, 2016 to April 25, 2016)

Here are the latest market statistics for Midtown Tulsa.

Overall Average

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 2
Average Number of Half Bathrooms: 0
Average Number of Garage Spaces: 2
Median Year Built: 1950
Average Square Footage (heated space): 1,802
Average Acreage: 0.24
Average List Price: $224,487.00
Average List Price Per Square Foot: $124.58
Average Sales Price: $214,398.00
Average Sales Price Per Square Foot: $118.98
Average Sales Price to List Price Ratio: 96.18%
Average Cumulative Days on Market: 61
Months Supply of Homes: 3.16
Odds of Selling in 90 Days: 29.35%

Up to $100,000

Average Number of Bedrooms: 2
Average Number of Full Bathrooms: 1
Average Number of Half Bathrooms: 0
Average Number of Garage Spaces: 1
Median Year Built: 1947
Average Square Footage (heated space): 1,128
Average Acreage: 0.19
Average List Price: $73,289.00
Average List Price Per Square Foot: $64.97
Average Sales Price: $68,158.00
Average Sales Price Per Square Foot: $60.42
Average Sales Price to List Price Ratio: 93.14%
Average Cumulative Days on Market: 54
Months Supply of Homes: 2.39
Odds of Selling in 90 Days: 39.33%

$100,000 to $150,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 1
Average Number of Half Bathrooms: 0
Average Number of Garage Spaces: 1
Median Year Built: 1952
Average Square Footage (heated space): 1,414
Average Acreage: 0.20
Average List Price: $125,186.00
Average List Price Per Square Foot: $88.53
Average Sales Price: $122,153.00
Average Sales Price Per Square Foot: $86.39
Average Sales Price to List Price Ratio: 97.64%
Average Cumulative Days on Market: 48
Months Supply of Homes: 1.70
Odds of Selling in 90 Days: 38.82%

$150,000 to $250,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 2
Average Number of Half Bathrooms: 0
Average Number of Garage Spaces: 2
Median Year Built: 1946
Average Square Footage (heated space): 1,811
Average Acreage: 0.23
Average List Price: $197,125.00
Average List Price Per Square Foot: $108.85
Average Sales Price: $190,586.00
Average Sales Price Per Square Foot: $105.24
Average Sales Price to List Price Ratio: 97.18%
Average Cumulative Days on Market: 56
Months Supply of Homes: 2.19
Odds of Selling in 90 Days: 29.63%

$250,000 to $350,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 2
Average Number of Half Bathrooms: 0
Average Number of Garage Spaces: 2
Median Year Built: 1949
Average Square Footage (heated space): 2,163
Average Acreage: 0.24
Average List Price: $306,029.00
Average List Price Per Square Foot: $141.48
Average Sales Price: $294,521.00
Average Sales Price Per Square Foot: $136.16
Average Sales Price to List Price Ratio: 96.40%
Average Cumulative Days on Market: 56
Months Supply of Homes: 3.25
Odds of Selling in 90 Days: 28.92%

$350,000 to $450,000

Average Number of Bedrooms: 4
Average Number of Full Bathrooms: 2
Average Number of Half Bathrooms: 1
Average Number of Garage Spaces: 2
Median Year Built: 1947
Average Square Footage (heated space): 2,603
Average Acreage: 0.24
Average List Price: $403,664.00
Average List Price Per Square Foot: $155.08
Average Sales Price: $388,717.00
Average Sales Price Per Square Foot: $149.33
Average Sales Price to List Price Ratio: 96.40%
Average Cumulative Days on Market: 107
Months Supply of Homes: 3.95
Odds of Selling in 90 Days: 24.72%

$450,000 to $600,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 2
Average Number of Half Bathrooms: 1
Average Number of Garage Spaces: 2
Median Year Built: 1957
Average Square Footage (heated space): 3,110
Average Acreage: .33
Average List Price: $517,920.00
Average List Price Per Square Foot: $166.53
Average Sales Price: $496,830.00
Average Sales Price Per Square Foot: $159.75
Average Sales Price to List Price Ratio: 95.98%
Average Cumulative Days on Market: 110
Months Supply of Homes: 8.40
Odds of Selling in 90 Days: 16.95%

$600,000 to $800,000

Average Number of Bedrooms: 4
Average Number of Full Bathrooms: 4
Average Number of Half Bathrooms: 1
Average Number of Garage Spaces: 2
Median Year Built: 1970
Average Square Footage (heated space): 4,082
Average Acreage: 0.59
Average List Price: $712,000.00
Average List Price Per Square Foot: $174.42
Average Sales Price: $684,250.00
Average Sales Price Per Square Foot: $167.63
Average Sales Price to List Price Ratio: 96.06%
Average Cumulative Days on Market: 110
Months Supply of Homes: 17.00
Odds of Selling in 90 Days: 8.7%

$800,000 to $1,200,000

Average Number of Bedrooms: 4
Average Number of Full Bathrooms: 4
Average Number of Half Bathrooms: 1
Average Number of Garage Spaces: 3
Median Year Built: 2015
Average Square Footage (heated space): 6,415
Average Acreage: 0.75
Average List Price: $1,017,271
Average List Price Per Square Foot: $158.58
Average Sales Price: $935,553.00
Average Sales Price Per Square Foot: $145.84
Average Sales Price to List Price Ratio: 92.85%
Average Cumulative Days on Market: 98
Months Supply of Homes: 9.86
Odds of Selling in 90 Days: 13.21%

Above $1,200,000

Average Number of Bedrooms: 4
Average Number of Full Bathrooms: 4
Average Number of Half Bathrooms: 2
Average Number of Garage Spaces: 3
Median Year Built: 1984
Average Square Footage (heated space): 5,423
Average Acreage: 0.65
Average List Price: $1,610,000.00
Average List Price Per Square Foot: $296.88
Average Sales Price: $1,437,500.00
Average Sales Price Per Square Foot: $265.07
Average Sales Price to List Price Ratio: 89.53%
Average Cumulative Days on Market: 31
Months Supply of Homes: 27.00
Odds of Selling in 90 Days: 6.90%

Statistics compiled by Debbie Solano, ALC, CRS, from data provided by NORES and the Greater Tulsa Association of REALTORS® for the period from January 25, 2016 through April 25, 2016.

Area covered includes single-family houses located between I-244 and I-44 from River Parks to Sheridan.

Information is deemed reliable, but not guaranteed. Does not reflect all market activity.

Get Shortlink: http://midtowntulsarealestate.net/?p=1053
________________________________________________________________________
Debbie Solano is an Accredited Land Consultant and Certified Residential Specialist with a Broker-Associate license which hangs at the Midtown Tulsa office of Coldwell Banker Select REALTORS®. She would enjoy your feedback or questions. She can be reached at 918-724-8201 or dsolano@cbTulsa.com.

Copyright © 2016 by Deborah M. Solano — ALL RIGHTS RESERVED — Midtown Tulsa Real Estate — Midtown Tulsa Real Estate Market Statistics: April 2016

Tulsa Real Estate Market Statistics: March 2016 Inventory Analysis for the Tulsa MLS — Report dated April 12, 2016.

Tulsa Real Estate Market Inventory Analysis

March 2016 MSA AverageMarch2016MSAAverage

Tulsa Real Estate Market Inventory Analysis for the Tulsa MSA during March 2016 indicates the market is continuing to tighten up as inventory shrinks. However, average sales price has decreased and the cumulative days on market has lengthened.

From data provided by the Greater Tulsa Association (the Tulsa MLS) the following statistics were compiled by RE STATS Inc. for the Area delimited by the following Northeast Oklahoma counties:

  • Creek County
  • Okmulgee County
  • Osage County
  • Pawnee County
  • Rogers County
  • Tulsa County
  • Wagoner County

Quick Summary

Absorption: Last 12 months an average of 1,140 sales per month

Active Inventory: As of March 31, 2016 = 5,332

Closed Listings: 1,205 (up 2.12% above a year ago)

Pending Listings: 1,531 (up 17.86% over a year ago)

New Listings: 2,268 (down 0.04% below a year ago)

Average List Price: $167,291 (down 3.32% below a year ago)

Average Sale Price: $162,399 (down 2.95% below a year ago)

Average Percent of List Price to Selling Price: 97.68% (up 1.08% above a year ago)

Average Days on Market to Sale: 54.92 days (down 0.06% above a year ago)

End of Month Inventory: 5,332 (down 5.53% below a year ago)

Months Supply of Inventory: 4.68 months (down 6.11% below a year ago)

Analysis Wrap Up

Months Supply of Inventory (MSI) Decreases

The total housing inventory at the end of March 2016 decreased 5.53% to 5,332 existing homes available for sale. Over the last 12 months this area has had an average of 1,140 closed sales per month. This represents an unsold inventory index of 4.68 MSI for this period.

Average Sale Prices Falling

According to the preliminary trends, this market area has experienced some downward momentum with the decline of Average Price this month. Prices dropped 2.95% in March 2016 compared to $162,399 versus the previous year at $167,331.

Average Days on Market Lengthens

The average number of 54.92 days that homes spent on the market before selling increased by 0.03 days or 0.06% in March 2016 compared to last year’s same month at 54.89 DOM.

Sales Success for March 2016 is Positive

Overall, with Average Prices falling and Days on Market increasing, the Listed versus Closed Ratio finished strong this month.

There were 2,268 New Listings in March 2016, down 0.04% from last year at 2,269. Furthermore, there were 1,205 Closed Listings this month versus last year at 1,180, a 2.12%increase.

Closed versus Listed trends yielded a 53.1% ratio, up from last year’s March 2016 at 52.0%, a 2.16% upswing. This will certainly create pressure on a decreasing Month’s Supply of Inventory (MSI) in the following months to come.

Here is the full report:

March2016MSAAverage

If you want to see specific market share information for your midtown Tulsa neighborhood or subdivision, contact Debbie Solano at 918-724-8201.

Get Shortlink: http://midtowntulsarealestate.net/?p=1038
————————————————————–

Copyright© 2016 by Debbie Solano — ALL RIGHTS RESERVED — Midtown Tulsa Real Estate — Tulsa Real Estate Market Statistics: March 2016 Inventory Analysis for the Tulsa MLS

Here are the market statistics for the three-month period from December 25, 2015 to March 25, 2016.

Compare these statistics with previous months’ statistics and see the trends for yourself.

Midtown Tulsa Absorption Rate Graph for March 25, 2016Midtown Tulsa Absorption Rate Graph for March 25, 2016

Midtown Tulsa Real Estate Sales Statistics for Homes Sold by Price Point

(for the three-month period from December 25, 2015 to March 25, 2016)

Here are the latest market statistics for Midtown Tulsa.

Overall Average

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 2
Average Number of Half Bathrooms: 0
Average Number of Garage Spaces: 2
Median Year Built: 1950
Average Square Footage (heated space): 1,807
Average Acreage: 0.24
Average List Price: $224,459.00
Average List Price Per Square Foot: $124.22
Average Sales Price: $217,558.00
Average Sales Price Per Square Foot: $120.40
Average Sales Price to List Price Ratio: 96.94%
Average Cumulative Days on Market: 54
Months Supply of Homes: 3.79
Odds of Selling in 90 Days: 34.19%

Up to $100,000

Average Number of Bedrooms: 2
Average Number of Full Bathrooms: 1
Average Number of Half Bathrooms: 0
Average Number of Garage Spaces: 1
Median Year Built: 1947
Average Square Footage (heated space): 1,207
Average Acreage: 0.20
Average List Price: $70,736.00
Average List Price Per Square Foot: $58.60
Average Sales Price: $66,806.00
Average Sales Price Per Square Foot: $55.35
Average Sales Price to List Price Ratio: 94.46%
Average Cumulative Days on Market: 36
Months Supply of Homes: 2.59
Odds of Selling in 90 Days: 38.35%

$100,000 to $150,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 1
Average Number of Half Bathrooms: 0
Average Number of Garage Spaces: 1
Median Year Built: 1952
Average Square Footage (heated space): 1,413
Average Acreage: 0.20
Average List Price: $124,585.00
Average List Price Per Square Foot: $88.17
Average Sales Price: $122,007.00
Average Sales Price Per Square Foot: $86.35
Average Sales Price to List Price Ratio: 98.08%
Average Cumulative Days on Market: 47
Months Supply of Homes: 2.63
Odds of Selling in 90 Days: 32.27%

$150,000 to $250,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 2
Average Number of Half Bathrooms: 0
Average Number of Garage Spaces: 2
Median Year Built: 1945
Average Square Footage (heated space): 1,735
Average Acreage: 0.22
Average List Price: $208,526.00
Average List Price Per Square Foot: $120.19
Average Sales Price: $199,710.00
Average Sales Price Per Square Foot: $115.11
Average Sales Price to List Price Ratio: 96.58%
Average Cumulative Days on Market: 51
Months Supply of Homes: 2.86
Odds of Selling in 90 Days: 29.58%

$250,000 to $350,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 2
Average Number of Half Bathrooms: 0
Average Number of Garage Spaces: 2
Median Year Built: 1942
Average Square Footage (heated space): 2,171
Average Acreage: 0.23
Average List Price: $301,852.00
Average List Price Per Square Foot: $139.04
Average Sales Price: $289,473.00
Average Sales Price Per Square Foot: $133.34
Average Sales Price to List Price Ratio: 97.27%
Average Cumulative Days on Market: 52
Months Supply of Homes: 2.54
Odds of Selling in 90 Days: 32.91%

$350,000 to $450,000

Average Number of Bedrooms: 4
Average Number of Full Bathrooms: 2
Average Number of Half Bathrooms: 1
Average Number of Garage Spaces: 2
Median Year Built: 1946
Average Square Footage (heated space): 2,600
Average Acreage: 0.21
Average List Price: $409,120.00
Average List Price Per Square Foot: $157.35
Average Sales Price: $396,852.00
Average Sales Price Per Square Foot: $152.64
Average Sales Price to List Price Ratio: 97.10%
Average Cumulative Days on Market: 90
Months Supply of Homes: 6.80
Odds of Selling in 90 Days: 18.75%

$450,000 to $600,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 2
Average Number of Half Bathrooms: 1
Average Number of Garage Spaces: 2
Median Year Built: 1962
Average Square Footage (heated space): 3,142
Average Acreage: .35
Average List Price: $531,291.00
Average List Price Per Square Foot: $169.09
Average Sales Price: $507,209.00
Average Sales Price Per Square Foot: $161.43
Average Sales Price to List Price Ratio: 95.56%
Average Cumulative Days on Market: 106
Months Supply of Homes: 6.00
Odds of Selling in 90 Days: 19.64%

$600,000 to $800,000

Average Number of Bedrooms: 4
Average Number of Full Bathrooms: 3
Average Number of Half Bathrooms: 1
Average Number of Garage Spaces: 2
Median Year Built: 1961
Average Square Footage (heated space): 3,856
Average Acreage: 0.59
Average List Price: $710,500.00
Average List Price Per Square Foot: $184.26
Average Sales Price: $684,900.00
Average Sales Price Per Square Foot: $177.62
Average Sales Price to List Price Ratio: 96.40%
Average Cumulative Days on Market: 81
Months Supply of Homes: 15.60
Odds of Selling in 90 Days: 8.47%

$800,000 to $1,200,000

Average Number of Bedrooms: 5
Average Number of Full Bathrooms: 4
Average Number of Half Bathrooms: 2
Average Number of Garage Spaces: 3
Median Year Built: 1980
Average Square Footage (heated space): 6,415
Average Acreage: 1.01
Average List Price: $1,062,250
Average List Price Per Square Foot: $165.59
Average Sales Price: $945,000.00
Average Sales Price Per Square Foot: $147.31
Average Sales Price to List Price Ratio: 89.88%
Average Cumulative Days on Market: 168
Months Supply of Homes: 17.25
Odds of Selling in 90 Days: 9.09%

Above $1,200,000

Average Number of Bedrooms: 4
Average Number of Full Bathrooms: 4
Average Number of Half Bathrooms: 2
Average Number of Garage Spaces: 3
Median Year Built: 1973
Average Square Footage (heated space): 5,882
Average Acreage: 0.87
Average List Price: $1,672,500.00
Average List Price Per Square Foot: $284.34
Average Sales Price: $1,832,700.00
Average Sales Price Per Square Foot: $311.58
Average Sales Price to List Price Ratio: 106.99%
Average Cumulative Days on Market: 75
Months Supply of Homes: 22.50
Odds of Selling in 90 Days: 8.00%

Statistics compiled by Debbie Solano, ALC, CRS, from data provided by NORES and the Greater Tulsa Association of REALTORS® for the period from December 25, 2015 through March 25, 2016.

Area covered includes single-family houses located between I-244 and I-44 from River Parks to Sheridan.

Information is deemed reliable, but not guaranteed. Does not reflect all market activity.

Get Shortlink: http://midtowntulsarealestate.net/?p=1019
________________________________________________________________________
Debbie Solano is an Accredited Land Consultant and Certified Residential Specialist with a Broker-Associate license which hangs at the Midtown Tulsa office of Coldwell Banker Select REALTORS®. She would enjoy your feedback or questions. She can be reached at 918-724-8201 or dsolano@cbTulsa.com.

Copyright © 2016 by Deborah M. Solano — ALL RIGHTS RESERVED — Midtown Tulsa Real Estate — Midtown Tulsa Real Estate Market Statistics: March 2016

Tulsa Real Estate Market Statistics: February 2016 Inventory Analysis for the Tulsa MLS — Report dated March 14, 2016.

Tulsa Real Estate Market Inventory Analysis

Feb 2016 MSA 2016-03-28_0-48-50Feb2016MSAAverage

Tulsa Real Estate Market Inventory Analysis for the Tulsa MSA during February 2016 indicates the market is continuing to tighten up as inventory shrinks, average sales price increases, and the cumulative days on market shortens.

From data provided by the Greater Tulsa Association (the Tulsa MLS) the following statistics were compiled by RE STATS Inc. for the Area delimited by the following Northeast Oklahoma counties:

  • Creek County
  • Okmulgee County
  • Osage County
  • Pawnee County
  • Rogers County
  • Tulsa County
  • Wagoner County

Quick Summary

Absorption: Last 12 months an average of 1,137 sales per month

Active Inventory: As of February 28, 2016 = 5,335

Closed Listings: 903 (up 4.76% above a year ago)

Pending Listings: 1,395 (up 18.02% over a year ago)

New Listings: 2,118 (down 0.89% below a year ago)

Average List Price: $172,012 (up 4.41% above a year ago)

Average Sale Price: $165,634 (up 4.49% above a year ago)

Average Percent of List Price to Selling Price: 96.32% (down 0.12% below a year ago)

Average Days on Market to Sale: 55.49 days (down 6.18% below a year ago)

End of Month Inventory: 5,335 (down 5.94% below a year ago)

Months Supply of Inventory: 4.69 months (down 7.03% below a year ago)

Analysis Wrap Up

Months Supply of Inventory (MSI) Decreases

The total housing inventory at the end of February 2016 decreased 5.94% to 5,335 existing homes available for sale. Over the last 12 months this area has had an average of 1,137 closed sales per month. This represents an unsold inventory index of 4.69 MSI for this period.

Average Sale Prices Going Up

According to the preliminary trends, this market area has experienced some upward momentum with the increase of Average Price this month. Prices went up 4.49% in February 2016 compared to $165,634 versus the previous year at $158,513.

Average Days on Market Shortens

The average number of 55.49 days that homes spent on the market before selling decreased by 3.65 days or 6.18% in February 2016 compared to last year’s same month at 59.14 DOM.

Sales Success for February 2016 is Positive

Overall, with Average Prices going up and Days on Market decreasing, the Listed versus Closed Ratio finished strong this month.

There were 2,118 New Listings in February 2016, down 0.89% from last year at 2,137. Furthermore, there were 903 Closed Listings this month versus last year at 862, a 4.76%increase.

Closed versus Listed trends yielded a 42.6% ratio, up from last year’s February 2016 at 40.3%, a 5.70% upswing. This will certainly create pressure on a decreasing Month’s Supply of Inventory (MSI) in the following months to come.

Here is the full report:

Feb2016MSA 2016-03-28_0-41-16

If you want to see specific market share information for your midtown Tulsa neighborhood or subdivision, contact Debbie Solano at 918-724-8201.

Get Shortlink: http://midtowntulsarealestate.net/?p=995
————————————————————–

Copyright© 2016 by Debbie Solano — ALL RIGHTS RESERVED — Midtown Tulsa Real Estate — Tulsa Real Estate Market Statistics: February 2016 Inventory Analysis for the Tulsa MLS

Here are the market statistics for the three-month period from November 25, 2015 to February 25, 2016.

Compare these statistics with previous months’ statistics and see the trends for yourself.

Midtown Tulsa Real Estate Sales Statistics for Homes Sold by Price Point

(for the three-month period from November 25, 2015 to February 25, 2016)

Here are the latest market statistics for Midtown Tulsa.

Overall Average

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 2
Average Number of Half Bathrooms: 0
Average Number of Garage Spaces: 2
Median Year Built: 1948
Average Square Footage (heated space): 1,795
Average Acreage: 0.23
Average List Price: $222,414.00
Average List Price Per Square Foot: $123.91
Average Sales Price: $215,669.00
Average Sales Price Per Square Foot: $120.15
Average Sales Price to List Price Ratio: 96.86%
Average Cumulative Days on Market: 58
Months Supply of Homes: 4.16
Odds of Selling in 90 Days: 36.70%

Up to $100,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 1
Average Number of Half Bathrooms: 0
Average Number of Garage Spaces: 1
Median Year Built: 1948
Average Square Footage (heated space): 1,220
Average Acreage: 0.19
Average List Price: $75,672.00
Average List Price Per Square Foot: $62.03
Average Sales Price: $72,427.00
Average Sales Price Per Square Foot: $59.37
Average Sales Price to List Price Ratio: 95.50%
Average Cumulative Days on Market: 38
Months Supply of Homes: 2.65
Odds of Selling in 90 Days: 36.62%

$100,000 to $150,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 1
Average Number of Half Bathrooms: 0
Average Number of Garage Spaces: 1
Median Year Built: 1950
Average Square Footage (heated space): 1,380
Average Acreage: 0.19
Average List Price: $126,678.00
Average List Price Per Square Foot: $91.80
Average Sales Price: $123,406.00
Average Sales Price Per Square Foot: $89.42
Average Sales Price to List Price Ratio: 97.54%
Average Cumulative Days on Market: 57
Months Supply of Homes: 3.13
Odds of Selling in 90 Days: 30.13%

$150,000 to $250,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 2
Average Number of Half Bathrooms: 0
Average Number of Garage Spaces: 2
Median Year Built: 1944
Average Square Footage (heated space): 1,747
Average Acreage: 0.22
Average List Price: $207,760.00
Average List Price Per Square Foot: $118.92
Average Sales Price: $198,886.00
Average Sales Price Per Square Foot: $113.84
Average Sales Price to List Price Ratio: 96.45%
Average Cumulative Days on Market: 43
Months Supply of Homes: 3.13
Odds of Selling in 90 Days: 32.37%

$250,000 to $350,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 2
Average Number of Half Bathrooms: 0
Average Number of Garage Spaces: 2
Median Year Built: 1940
Average Square Footage (heated space): 2,182
Average Acreage: 0.23
Average List Price: $300,939.00
Average List Price Per Square Foot: $137.92
Average Sales Price: $289,058.00
Average Sales Price Per Square Foot: $132.47
Average Sales Price to List Price Ratio: 97.29%
Average Cumulative Days on Market: 74
Months Supply of Homes: 2.81
Odds of Selling in 90 Days: 34.44%

$350,000 to $450,000

Average Number of Bedrooms: 4
Average Number of Full Bathrooms: 2
Average Number of Half Bathrooms: 1
Average Number of Garage Spaces: 2
Median Year Built: 1950
Average Square Footage (heated space): 2,865
Average Acreage: 0.25
Average List Price: $419,725.00
Average List Price Per Square Foot: $146.50
Average Sales Price: $405,335.00
Average Sales Price Per Square Foot: $141.48
Average Sales Price to List Price Ratio: 96.70%
Average Cumulative Days on Market: 75
Months Supply of Homes: 8.50
Odds of Selling in 90 Days: 15.79%

$450,000 to $600,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 3
Average Number of Half Bathrooms: 1
Average Number of Garage Spaces: 2
Median Year Built: 1972
Average Square Footage (heated space): 3,074
Average Acreage: .35
Average List Price: $535,692.00
Average List Price Per Square Foot: $174.27
Average Sales Price: $514,483.00
Average Sales Price Per Square Foot: $167.37
Average Sales Price to List Price Ratio: 96.08%
Average Cumulative Days on Market: 104
Months Supply of Homes: 4.75
Odds of Selling in 90 Days: 20.34%

$600,000 to $800,000

Average Number of Bedrooms: 4
Average Number of Full Bathrooms: 3
Average Number of Half Bathrooms: 1
Average Number of Garage Spaces: 2
Median Year Built: 1953
Average Square Footage (heated space): 3,856
Average Acreage: 0.27
Average List Price: $690,625.00
Average List Price Per Square Foot: $179.10
Average Sales Price: $661,000.00
Average Sales Price Per Square Foot: $171.42
Average Sales Price to List Price Ratio: 95.84%
Average Cumulative Days on Market: 87
Months Supply of Homes: 20.25
Odds of Selling in 90 Days: 6.90%

$800,000 to $1,200,000

Average Number of Bedrooms: 5
Average Number of Full Bathrooms: 4
Average Number of Half Bathrooms: 2
Average Number of Garage Spaces: 3
Median Year Built: 1980
Average Square Footage (heated space): 6,415
Average Acreage: 1.01
Average List Price: $1,062,250
Average List Price Per Square Foot: $165.59
Average Sales Price: $945,000.00
Average Sales Price Per Square Foot: $147.31
Average Sales Price to List Price Ratio: 89.88%
Average Cumulative Days on Market: 168
Months Supply of Homes: 17.25
Odds of Selling in 90 Days: 10.53%

Above $1,200,000

Average Number of Bedrooms: 4
Average Number of Full Bathrooms: 3
Average Number of Half Bathrooms: 2
Average Number of Garage Spaces: 3
Median Year Built: 1930
Average Square Footage (heated space): 5,980
Average Acreage: 1.43
Average List Price: $1,950,000.00
Average List Price Per Square Foot: $326.09
Average Sales Price: $2,390,400.00
Average Sales Price Per Square Foot: $399.73
Average Sales Price to List Price Ratio: 122.58%
Average Cumulative Days on Market: 102
Months Supply of Homes: 42.00
Odds of Selling in 90 Days: 4.55%

Statistics compiled by Debbie Solano, ALC, CRS, from data provided by NORES and the Greater Tulsa Association of REALTORS® for the period from November 25, 2015 through February 25, 2016.

Area covered includes single-family houses located between I-244 and I-44 from River Parks to Sheridan.

Information is deemed reliable, but not guaranteed. Does not reflect all market activity.

Get Shortlink: http://midtowntulsarealestate.net/?p=971
________________________________________________________________________
Debbie Solano is an Accredited Land Consultant and Certified Residential Specialist with a Broker-Associate license which hangs at the Midtown Tulsa office of Coldwell Banker Select REALTORS®. She would enjoy your feedback or questions. She can be reached at 918-724-8201 or dsolano@cbTulsa.com.

Copyright © 2016 by Deborah M. Solano — ALL RIGHTS RESERVED — Midtown Tulsa Real Estate — Midtown Tulsa Real Estate Market Statistics: February 2016

Tulsa Real Estate Market Statistics: January 2016 Inventory Analysis for the Tulsa MLS — Report dated February 15, 2016.

Tulsa Real Estate Market Inventory Analysis

01-2016_msaaverage

Tulsa Real Estate Market Inventory Analysis for the Tulsa MLS during January 2016 indicates the market is shifting again.

From data provided by the Greater Tulsa Association the following statistics were compiled by RE STATS Inc. for the Area delimited by the following Northeast Oklahoma counties:

  • Creek County
  • Okmulgee County
  • Osage County
  • Pawnee County
  • Rogers County
  • Tulsa County
  • Wagoner County

Quick Summary

Absorption: Last 12 months an average of 1,132 sales per month

Active Inventory: As of January 31, 2016 = 5,351

Closed Listings: 768 (down 1.03% below a year ago)

Pending Listings: 1,083 (up 5.35% over a year ago)

New Listings: 1,865 (down 11.44% below a year ago)

Average List Price: $177,161 (up 0.84% above a year ago)

Average Sale Price: $172,482 (up 1.84% above a year ago)

Average Percent of List Price to Selling Price: 97.44% (down 0.29% below a year ago)

Average Days on Market to Sale: 51.54 days (down 11.84% below a year ago)

End of Month Inventory: 5,351 (down 6.70% below a year ago)

Months Supply of Inventory: 4.73 months (down 7.52% below a year ago)

Analysis Wrap Up

Months Supply of Inventory (MSI) Decreases

The total housing inventory at the end of January 2016 decreased 6.70% to 5,351 existing homes available for sale. Over the last 12 months this area has had an average of 1,132 closed sales per month. This represents an unsold inventory index of 4.73 MSI for this period.

Average Sale Prices Going Up

According to the preliminary trends, this market area has experienced some upward momentum with the increase of Average Price this month. Prices went up 1.84% in January 2016 compared to $172,482 versus the previous year at $169,363.

Average Days on Market Shortens

The average number of 51.54 days that homes spent on the market before selling decreased by 6.92 days or 11.84% in January 2016 compared to last year’s same month at 58.46 DOM.

Sales Success for January 2016 is Positive

Overall, with Average Prices going up and Days on Market decreasing, the Listed versus Closed Ratio finished strong this month.

There were 1,865 New Listings in January 2016, down 11.44% from last year at 2,106. Furthermore, there were 768 Closed Listings this month versus last year at 776, a -1.03% decrease.

Closed versus Listed trends yielded a 41.2% ratio, up from last year’s January 2016 at 36.8%, a 11.76% upswing. This will certainly create pressure on a decreasing Month’s Supply of Inventory (MSI) in the following months to come.

Here is the full report:

Tulsa Real Estate Market Statistics: January 2016 Inventory Analysis for the Tulsa MLS

If you want to see specific market share information for your midtown Tulsa neighborhood or subdivision, contact Debbie Solano at 918-724-8201.

Get Shortlink: http://midtowntulsarealestate.net/?p=944
————————————————————–

Copyright© 2016 by Debbie Solano — ALL RIGHTS RESERVED — Midtown Tulsa Real Estate — Tulsa Real Estate Market Statistics: January 2016 Inventory Analysis for the Tulsa MLS