Tulsa Real Estate Market Statistics: February 2013 Inventory Analysis for the Tulsa MLS — Report dated March 12, 2013.
Tulsa Real Estate Market Inventory Analysis
Tulsa Real Estate Market Inventory Analysis for the Tulsa MLS during February 2013 indicates the market is getting stronger. The buyers are out in force, but sellers are still reluctant to put their homes on the market. This has caused the inventory to fall and the prices are beginning to creep up.
The following statistics are for the Area delimited by the following Northeast Oklahoma counties:
- Creek County
- Okmulgee County
- Osage County
- Pawnee County
- Rogers County
- Tulsa County
- Wagoner County
If you want to see specific market share information for your midtown Tulsa neighborhood or subdivision, contact Debbie Solano at 918-724-8201.
Absorption: Last 12 months an average of 995 sales per month
Active Inventory: As of February 28, 2013 = 7,370
Closed Listings: 792 (up 12.02 % over a year ago)
Pending Listings: 1,229 (up 30.33% over a year ago)
New Listings: 2,165 (up 0.65% over a year ago)
Average List Price: $167,390 (up 12.86% over a year ago)
Average Sale Price: $159,938 (up 12.07% over a year ago)
Average Percent of List Price to Selling Price: 96.14% (up 0.75% over a year ago)
Average Days on Market to Sale: 62.05 days (down 3.41% below a year ago)
End of Month Inventory: 7,370 (down 19.79% below a year ago)
Months Supply of Inventory: 7.4 months (down 30.48% below a year ago)
Analysis Wrap Up
Months Supply of Inventory (MSI) Decreases
The total housing inventory at the end of February 2013
decreased 19.79% to 7,370 existing homes available for sale.
Over the last 12 months this area has had an average of 995
closed sales per month. This represents an unsold inventory
index of 7.40 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 12.87% in February
2013 to $159,938 versus the previous year at $141,707.
Average Days on Market Shortens
The average number of 62.05 days that homes spent on the
market before selling decreased by 2.19 days or 3.41% in
February 2013 compared to last year’s same month at 64.24
Sales Success for February 2015 is Positive
Overall, with Average Prices going up and Days on Market
decreasing, the Listed versus Closed Ratio finished strong this
There were 2,165 New Listings in February 2013, up
0.65% from last year at 2,151. Furthermore, there were 792
Closed Listings this month versus last year at 707, a 12.02%
Closed versus Listed trends yielded a 36.6% ratio, up from last
year’s February 2013 at 32.9%, an 11.3% 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: February 2013 Inventory Analysis for the Tulsa MLS
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