Tulsa Real Estate Market Statistics: January 2013 Inventory Analysis for the Tulsa MLS

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

Tulsa Real Estate Market Inventory Analysis

Tulsa Real Estate Market Inventory Analysis for the Tulsa MLS during January 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.

Quick Summary

Absorption: Last 12 months an average of 988 sales per month
Active Inventory: As of January 31, 2013 = 7,594
Closed Listings: 719 (up 5.58 % over a year ago)
Pending Listings: 1,076 (up 18.11% over a year ago)
New Listings: 2,241 (down 13.71% below a year ago)
Average List Price: $158,369 (up 10.16% over a year ago)
Average Sale Price: $152,141 (up 10.42% over last year)
Average Percent of List Price to Selling Price: 96.30% (up 1.71% over a year ago)
Average Days on Market to Sale: 62.82 days (down 3.50% below a year ago)
End of Month Inventory: 7,594 (down 17.83% below a year ago)
Months Supply of Inventory: 7.69 months (down 28.85% below a year ago)

Analysis Wrap Up

Months Supply of Inventory (MSI) Decreases

The total housing inventory at the end of January 2013
decreased 17.83% to 7,594 existing homes available for sale.
Over the last 12 months this area has had an average of 988
closed sales per month. This represents an unsold inventory
index of 7.769 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 10.42% in January
2013 to $152,141 versus the previous year at $137,785.

Average Days on Market Shortens

The average number of 60.82 days that homes spent on the
market before selling decreased by 2.21 days or 3.5% in
January 2013 compared to last year’s same month at 63.03
DOM.

Sales Success for January 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 2,241 New Listings in January 2013, down
13.71% from last year at 2,597. Furthermore, there were 919
Closed Listings this month versus last year at 681, a 5.58%
increase.

Closed versus Listed trends yielded a 32.1% ratio, up from last
year’s January 2013 at 26.2%, a 22.35% 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 2013 Inventory Analysis for the Tulsa MLS

Get Shortlink: http://midtowntulsarealestate.net/?p=222
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