Tulsa Real Estate Market Statistics: April 2013 Inventory Analysis for the Tulsa MLS — Report dated May 15, 2013.

Tulsa Real Estate Market Inventory Analysis

Tulsa Real Estate Market Inventory Analysis for the Tulsa MLS during April 2013 indicates the market is getting stronger. The buyers are still coming out in force and sellers are beginning to put their homes on the market. This has caused the inventory is still falling and the prices are continuing 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.

Quick Summary

Absorption: Last 12 months an average of 1,015 sales per month
Active Inventory: As of April 30, 2013 = 7,448
Closed Listings: 1,191 (up 15.88% over a year ago)
Pending Listings: 1,391 (up 14.67% over a year ago)
New Listings: 2,395 (down 10.37% below a year ago)
Average List Price: $170,467 (up 2.65% over a year ago)
Average Sale Price: $165,371 (up 3.49% over a year ago)
Average Percent of List Price to Selling Price: 96.84% (down 0.23% below a year ago)
Average Days on Market to Sale: 55.14 days (down 5.89% below a year ago)
End of Month Inventory: 7,448 (down 21.47% below a year ago)
Months Supply of Inventory: 7.33 months (down 30.63% below a year ago)

Analysis Wrap Up

Months Supply of Inventory (MSI) Decreases

The total housing inventory at the end of April 2013 decreased 21.47% to 7,448 existing homes available for sale. Over the last 12 months this area has had an average of 1,015 closed sales per month. This represents an unsold inventory index of 7.33 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 3.49% in April 2013 to $165,371 versus the previous year at $159,796.

Average Days on Market Shortens

The average number of 55.14 days that homes spent on the
market before selling decreased by 3.45 days or 5.89% in
April 2013 compared to last year’s same month at 58.59
DOM.

Sales Success for April 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 2,395 New Listings in April 2013, down 10.37%
from last year at 2,672. Furthermore, there were 1,191 Closed
Listings this month versus last year at 1,034, a 15.18% increase.

Closed versus Listed trends yielded a 49.7% ratio, up from last
year’s April 2013 at 38.7%, a 28.51% 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: April 2013 Inventory Analysis for the Tulsa MLS

Get Shortlink: http://midtowntulsarealestate.net/?p=526

We're sorry, but there’s nothing to display here; MLS data service is not activated for this account.

————————————————————–

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