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

Tulsa Real Estate Market Inventory Analysis

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
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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

Tulsa Real Estate Market Statistics: December 2015 Inventory Analysis for the Tulsa MLS — Report dated January 13, 2016.

Tulsa Real Estate Market Inventory Analysis

Tulsa Real Estate Market Inventory Analysis for the Tulsa MLS during December 2015 indicates the market is shifting again.

Home prices are reminiscent of where they were two years ago. One thing is for sure: sales prices are falling.

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 December 31, 2015 = 5,428

Closed Listings: 1,028 (down 1.15% below a year ago)

Pending Listings: 903 (up 11.07% over a year ago)

New Listings: 1,363 (down 7.53% below a year ago)

Average List Price: $169,115 (down 9.36% below a year ago)

Average Sale Price: $164,335 (down 9.13% below a year ago)

Average Percent of List Price to Selling Price: 96.81% (up 0.26% above a year ago)

Average Days on Market to Sale: 48.03 days (down 12.34% below a year ago)

End of Month Inventory: 5,428 (down 4.99% below a year ago)

Months Supply of Inventory: 4.8 months (down 5.9% below a year ago)

Analysis Wrap Up

Months Supply of Inventory (MSI) Decreases

The total housing inventory at the end of December 2015 decreased 4.99% to 5,428 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 4.80 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 9.13% in December 2015 compared to $164,335 versus the previous year at $180,845.

Average Days on Market Shortens

The average number of 48.03 days that homes spent on the market before selling decreased by 6.76 days or 12.34% in December 2015 compared to last year’s same month at 54.79 DOM.

Sales Success for December 2015 is Positive

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

There were 1,363 New Listings in December 2015, down 7.53% from last year at 1,474. Furthermore, there were 1,028 Closed Listings this month versus last year at 1,040, a -1.15% decrease.

Closed versus Listed trends yielded a 75.4% ratio, up from last year’s December 2015 at 70.6%, a 6.90% 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: December 2015 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=887
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Copyright© 2016 by Debbie Solano — ALL RIGHTS RESERVED — Midtown Tulsa Real Estate — Tulsa Real Estate Market Statistics: December 2015 Inventory Analysis for the Tulsa MLS

Tulsa Real Estate Market Statistics: November 2013 Inventory Analysis for the Tulsa MLS — Report dated December 13, 2013.

Tulsa Real Estate Market Inventory Analysis

Tulsa Real Estate Market Inventory Analysis for the Tulsa MLS during November 2013 indicates the market is continuing to get stronger.

Buyers are still purchasing properties even though interest rates have swing upward from historic lows.

Sellers are putting their homes on the market at a bit higher rate than a year ago, continuing to reduce the critical need for listing inventory by reversing the trend.

The active inventory and absorption rate is slightly higher than last month.

Homes have appreciated at a rate last month which is consistent with rates we saw prior to the housing bust (around 6% per year), which indicates that our market has recovered and our prices are stabilizing.

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.

Quick Summary

Absorption: Last 12 months an average of 1,070 sales per month

Active Inventory: As of November 30, 2013 = 7,795

Closed Listings: 949 (down 2.16% below a year ago)

Pending Listings: 987 (up 20.81% over a year ago)

New Listings: 1,621 (down 14.28% below a year ago)

Average List Price: $170,469 (up 1.20% over a year ago)

Average Sale Price: $163,025 (up 0.76% over a year ago)

Average Percent of List Price to Selling Price: 96.37% (up 0.08% above a year ago)

Average Days on Market to Sale: 57.45 days (down 3.3% below a year ago)

End of Month Inventory: 7,795 (down 13.87% below a year ago)

Months Supply of Inventory: 7.28 months (down 21.35% below a year ago)

Analysis Wrap Up

Months Supply of Inventory (MSI) Decreases

The total housing inventory at the end of November 2013 decreased 13.87% to 7,795 existing homes available for sale. Over the last 12 months this area has had an average of 1,070 closed sales per month. This represents an unsold inventory index of 7.28 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 0.76% in November 2013 to $163,025 versus the previous year at $161,800.

Average Days on Market Shortens

The average number of 57.45 days that homes spent on the market before selling decreased by 1.96 days or 3.30% in November 2013 compared to last year’s same month at 59.41 DOM.

Sales Success for October 2013 is Positive

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

There were 1,621 New Listings in November 2013, down 14.28% from last year at 1,891. Furthermore, there were 949 Closed Listings this month versus last year at 970, a -2.16% decrease.

Closed versus Listed trends yielded a 58.5% ratio, up from last year’s November 2013 at 51.3% , a 14.13% 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: November 2013 Inventory Analysis for the Tulsa MLS

Get Shortlink: http://midtowntulsarealestate.net/?p=684

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Copyright© 2014 by Debbie Solano — ALL RIGHTS RESERVED — Midtown Tulsa Real Estate — Tulsa Real Estate Market Statistics: November 2013 Inventory Analysis for the Tulsa MLS

Tulsa Real Estate Market Statistics: October 2013 Inventory Analysis for the Tulsa MLS — Report dated November 12, 2013.

Tulsa Real Estate Market Inventory Analysis

Tulsa Real Estate Market Inventory Analysis for the Tulsa MLS during October 2013 indicates the market is continuing to get stronger.

Buyers are still purchasing properties even though interest rates have swing upward from historic lows.

Sellers are putting their homes on the market at a bit higher rate than a year ago, continuing to reduce the critical need for listing inventory by reversing the trend.

The active inventory and absorption rate is slightly higher than last month.

Homes have appreciated at a rate last month which is consistent with rates we saw prior to the housing bust (around 6% per year), which indicates that our market has recovered and our prices are stabilizing.

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.

Quick Summary

Absorption: Last 12 months an average of 1,071 sales per month

Active Inventory: As of October 31, 2013 = 8,429

Closed Listings: 984 (down 5.2% below a year ago)

Pending Listings: 1,100 (up 3.58% over a year ago)

New Listings: 2,145 (up 3.67% above a year ago)

Average List Price: $163,887 (up 1.39% over a year ago)

Average Sale Price: $157,673 (up 1.41% over a year ago)

Average Percent of List Price to Selling Price: 96.63% (up 0.59% above a year ago)

Average Days on Market to Sale: 55.46 days (down 11.53% below a year ago)

End of Month Inventory: 8,429 (down 8.27% below a year ago)

Months Supply of Inventory: 7.87 months (down 17.85% below a year ago)

Analysis Wrap Up

Months Supply of Inventory (MSI) Decreases

The total housing inventory at the end of October 2013 decreased 8.27% to 8,429 existing homes available for sale. Over the last 12 months this area has had an average of 1,071 closed sales per month. This represents an unsold inventory index of 7.87 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 1.41% in October 2013 to $157,673 versus the previous year at $155,483.

Average Days on Market Shortens

The average number of days that homes spent on the market before selling decreased by 6.95 days or 11.53% in September 2013 compared to last year’s same month at 60.30 DOM.

Sales Success for October 2013 is Positive

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

There were 2,145 New Listings in October 2013, up 3.67% from last year at 2,069. Furthermore, there were 984 Closed Listings this month versus last year at 1,036, a -5.02% decrease.

Closed versus Listed trends yielded a 45.9% ratio, down from last year’s October 2013 at 50.1%, a 8.38% downswing. This will certainly create pressure on a decreasing Month’s Supply of Inventory (MSI) in the following months to come.