Currently viewing the tag: "Inventory Analysis for the Tulsa MSA"

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
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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

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
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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

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
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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

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
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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