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The State of the Tulsa Real Estate Market: December Inventory Analysis for the Tulsa MLS

Tulsa, OKlahoma Real Estate No Responses »

Jan 232013

The State of the Tulsa Real Estate Market: December Inventory Analysis for the Tulsa MLS — Report dated January 11, 2013.

Tulsa Real Estate Market Inventory Analysis

Tulsa Real Estate Market Inventory Analysis for the Tulsa MLS during December 2012 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 918-712-4473.

Quick Summary

Absorption: Last 12 months an average of 984 sales per month
Active Inventory: As of December 31, 2012 = 7,798
Closed Listings: 914
Pending Listings: 803
New Listings: 1,442
Average List Price: $175,327
Average Sale Price: $168,304
Average Percent of List Price to Selling Price: 96.42%
Average Days on Market to Sale: 63.37 days
End of Month Inventory: 7,798
Months Supply of Inventory: 7.92 months

Analysis Wrap Up

Months Supply of Inventory (MSI) Decreases

The total housing inventory at the end of December 2012
decreased 14.26% to 7,798 existing homes available for sale.
Over the last 12 months this area has had an average of 984
closed sales per month. This represents an unsold inventory
index of 7.92 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 4.91% in December
2012 to $168,304 versus the previous year at $160,431.

Average Days on Market Shortens

The average number of 63.37 days that homes spent on the
market before selling decreased by 1.79 days or 2.75% in
December 2012 compared to last year’s same month at 65.17
DOM.

Sales Success for December 2012 is Positive

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

There were 1,442 New Listings in December 2012, down
12.13% from last year at 1,641. Furthermore, there were 914
Closed Listings this month versus last year at 802, a 13.97%
increase.

Closed versus Listed trends yielded a 63.4% ratio, up from last
year’s December 2012 at 48.9%, a 29.69% 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:
The State of the Tulsa Real Estate Market: December 2012 Inventory Analysis for the Tulsa MLS

Get Shortlink: http://midtowntulsarealestate.com/?p=7491
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The State of the Tulsa Real Estate Market: November Inventory Analysis for the Tulsa MLS

Tulsa, OKlahoma Real Estate No Responses »

Dec 262012

The State of the Tulsa Real Estate Market: November Inventory Analysis for the Tulsa MLS — Report dated December 11, 2012.

Tulsa Real Estate Market Inventory Analysis

Tulsa Real Estate Market Inventory Analysis for the Tulsa MLS during November 2012 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 918-712-4473.

Quick Summary

Absorption: Last 12 months an average of 970 sales per month
Active Inventory: As of November 30, 2012 = 8,632
Closed Listings: 951
Pending Listings: 738
New Listings: 1,891
Average List Price: $168,572
Average Sale Price: $161,998
Average Percent of List Price to Selling Price: 97.63%
Average Days on Market to Sale: 59.32 days
End of Month Inventory: 8,632
Months Supply of Inventory: 8.9 months

Analysis Wrap Up

Months Supply of Inventory (MSI) Decreases

The total housing inventory at the end of November 2012
decreased 10.61% to 8,632 existing homes available for sale.
Over the last 12 months this area has had an average of 970
closed sales per month. This represents an unsold inventory
index of 8.90 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 17.57% in November
2012 to $161,998 versus the previous year at $137,786.

Average Days on Market Shortens

The average number of 59.32 days that homes spent on the
market before selling decreased by 4.75 days or 7.42% in
November 2012 compared to last year’s same month at 64.07
DOM.

Sales Success for November 2012 is Positive

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

There were 1,891 New Listings in November 2012, up 1.07%
from last year at 1,871. Furthermore, there were 951 Closed
Listings this month versus last year at 755, a 25.96% increase.

Closed versus Listed trends yielded a 50.3% ratio, up from last
year’s November 2012 at 40.4%, a 24.63% 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:
The State of the Tulsa Real Estate Market: November 2012 Inventory Analysis for the Tulsa MLS

Get Shortlink: http://midtowntulsarealestate.com/?p=7464
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The State of the Tulsa Real Estate Market: October Inventory Analysis for the Tulsa MLS

Tulsa, OKlahoma Real Estate No Responses »

Nov 212012

The State of the Tulsa Real Estate Market: October Inventory Analysis for the Tulsa MLS — Report dated November 12, 2012.

Tulsa Real Estate Market Inventory Analysis

Tulsa Real Estate Market Inventory Analysis for the Tulsa MLS during October 2012 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 918-712-4473.

Quick Summary

Absorption: Last 12 months an average of 954 sales per month
Active Inventory: As of October 31, 2012 = 8,766
Closed Listings: 1,006
Pending Listings: 800
New Listings: 2,044
Average List Price: $161,919
Average Sale Price: $155,811
Average Percent of List Price to Selling Price: 96.12%
Average Days on Market to Sale: 60.2 days
End of Month Inventory: 8,766
Months Supply of Inventory: 9.19 months

Analysis Wrap Up

Months Supply of Inventory (MSI) Decreases

The total housing inventory at the end of October 2012
decreased 13.16% to 8,766 existing homes available for sale.
Over the last 12 months this area has had an average of 954
closed sales per month. This represents an unsold inventory
index of 9.19 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 3.44% in October
2012 to $155,811 versus the previous year at $150,627.

Average Days on Market Shortens

The average number of 60.20 days that homes spent on the
market before selling decreased by 4.49 days or 6.94% in
October 2012 compared to last year’s same month at 64.69
DOM.

Sales Success for October 2012 is Positive

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

There were 2,044 New Listings in October 2012, down 3.22%
from last year at 2,112. Furthermore, there were 1,006 Closed
Listings this month versus last year at 840, a 19.76% increase.

Closed versus Listed trends yielded a 49.2% ratio, up from last
year’s October 2012 at 39.8%, a 23.75% 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:
The State of the Tulsa Real Estate Market: October 2012 Inventory Analysis for the Tulsa MLS

Get Shortlink: http://midtowntulsarealestate.com/?p=7292
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The State of the Tulsa Real Estate Market: September Inventory Analysis for the Tulsa MLS

Tulsa, OKlahoma Real Estate No Responses »

Nov 022012

The State of the Tulsa Real Estate Market: September Inventory Analysis for the Tulsa MLS — Report dated October 15, 2012.

Tulsa Real Estate Market Inventory Analysis

Tulsa Real Estate Market Inventory Analysis for the Tulsa MLS during September 2012 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 918-712-4473.

Quick Summary

Absorption: Last 12 months an average of 939 sales per month
Active Inventory: As of September 30, 2012 = 9,310
Closed Listings: 901
Pending Listings: 721
New Listings: 1,970
Average List Price: $157,712
Average Sale Price: $151,759
Average Percent of List Price to Selling Price: 97.9%
Average Days on Market to Sale: 60.71 days
End of Month Inventory: 9,310
Months Supply of Inventory: 9.92 months

Analysis Wrap Up

Months Supply of Inventory (MSI) Decreases

The total housing inventory at the end of September 2012
decreased 10.78% to 9,310 existing homes available for sale.
Over the last 12 months this area has had an average of 939
closed sales per month. This represents an unsold inventory
index of 9.92 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 2.81% in September
2012 to $151,759 versus the previous year at $147,611.

Average Days on Market Shortens

The average number of 60.71 days that homes spent on the
market before selling decreased by 0.87 days or 1.42% in
September 2012 compared to last year’s same month at 61.58
DOM.

Sales Success for September 2012 is Positive

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

There were 1,970 New Listings in September 2012, down
16.28% from last year at 2,353. Furthermore, there were 901
Closed Listings this month versus last year at 977, a -7.78%
decrease.

Closed versus Listed trends yielded a 45.7% ratio, up from last
year’s September 2012 at 41.5%, a 10.15% 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:
The State of the Tulsa Real Estate Market: September 2012 Inventory Analysis for the Tulsa MLS

Get Shortlink: http://midtowntulsarealestate.com/?p=7218
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The State of the Tulsa Real Estate Market: August Inventory Analysis for the Tulsa MLS

Tulsa, OKlahoma Real Estate No Responses »

Nov 012012

The State of the Tulsa Real Estate Market: August Inventory Analysis for the Tulsa MLS — Report dated September 13, 2012.

Tulsa Real Estate Market Inventory Analysis

Tulsa Real Estate Market Inventory Analysis for the Tulsa MLS during August 2012 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 918-712-4473.

Quick Summary

Absorption: Last 12 months an average of 945 sales per month
Active Inventory: As of August 31, 2012 = 9,741
Closed Listings: 1,125
Pending Listings: 1,076
New Listings: 2,416
Average List Price: $172,362
Average Sale Price: $166,707
Average Percent of List Price to Selling Price: 96.59%
Average Days on Market to Sale: 60.21 days
End of Month Inventory: 9,741
Months Supply of Inventory: 10.31 months

Analysis Wrap Up

Months Supply of Inventory (MSI) Decreases

The total housing inventory at the end of August 2012
decreased 8.73% to 9,741 existing homes available for sale.
Over the last 12 months this area has had an average of 945
closed sales per month. This represents an unsold inventory
index of 10.31 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 9.49% in August
2012 to $166,707 versus the previous year at $152,251.

Average Days on Market Shortens

The average number of 60.21 days that homes spent on the
market before selling decreased by 2.35 days or 3.75% in
August 2012 compared to last year’s same month at 62.56
DOM.

Sales Success for August 2012 is Positive

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

There were 2,416 New Listings in August 2012, up 4.50% from
last year at 2,312. Furthermore, there were 1,125 Closed
Listings this month versus last year at 997, a 12.84% increase.

Closed versus Listed trends yielded a 46.6% ratio, up from last
year’s August 2012 at 43.1%, a 7.98% 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:
The State of the Tulsa Real Estate Market: August 2012 Inventory Analysis for the Tulsa MLS

Get Shortlink: http://midtowntulsarealestate.com/?p=7217
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The State of the Tulsa Real Estate Market: July Inventory Analysis for the Tulsa MLS

Tulsa, OKlahoma Real Estate No Responses »

Sep 012012

The State of the Tulsa Real Estate Market: July Inventory Analysis for the Tulsa MLS — Report dated August 13, 2012.

Tulsa Real Estate Market Inventory Analysis

Tulsa Real Estate Market Inventory Analysis for the Tulsa MLS during July 2012 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 918-712-4473.

Quick Summary

Absorption: Last 12 months an average of 934 sales per month
Active Inventory: As of July 31, 2012 = 9,567
Closed Listings: 1,107
Pending Listings: 1,217
New Listings: 2,498
Average List Price: $175,897
Average Sale Price: $168,507
Average Percent of List Price to Selling Price: 96.72%
Average Days on Market to Sale: 55.40 days
End of Month Inventory: 9,567
Months Supply of Inventory: 10.25 months

Analysis Wrap Up

Months Supply of Inventory (MSI) Decreases

The total housing inventory at the end of July 2012 decreased
9.96% to 9,567 existing homes available for sale. Over the last
12 months this area has had an average of 934 closed sales
per month. This represents an unsold inventory index of 10.25
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 8.98% in July 2012
to $168,507 versus the previous year at $154,616.

Average Days on Market Shortens

The average number of 55.40 days that homes spent on the
market before selling decreased by 4.32 days or 7.24% in July
2012 compared to last year’s same month at 59.72 DOM.

Sales Success for July 2012 is Positive

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

There were 2,498 New Listings in July 2012, down 0.56%
from last year at 2,512. Furthermore, there were 1,107 Closed
Listings this month versus last year at 978, a 13.19%
increase.

Closed versus Listed trends yielded a 44.3% ratio, up from last
year’s July 2012 at 38.9%, a 13.82% 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:
The State of the Tulsa Real Estate Market: July 2012 Inventory Analysis for the Tulsa MLS

Get Shortlink: http://midtowntulsarealestate.com/?p=7204
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What is the Obama-Care 3.8% Investment Income Tax?

Tulsa, OKlahoma Real Estate No Responses »

Jul 242012

MicBirney Mansion overlooking Riverside Drive and the Arkansas River in Midtown Tulsa, Oklahoma

What is the Obama-Care 3.8% Investment Income Tax?

Click here to read about The Obama-Care 3.8% Investment Income Tax.

Deep within the bowels of the Affordable Health Care Reform Law which was popularly known as Obama Care was a provision to procure additional revenue from certain homeowners who sold their homes above certain price points. This tax is more properly called the Medicare Tax.

The new 3.8% tax will apply to the “unearned” income of “High Income” taxpayers. The new Medicare Tax on unearned income will take effect January 1, 2013. Proceeds from the tax will be allocated to shoring up the Medicare fund.

When the legislation becomes effective in 2013, it may impose a 3.8% tax on some (but not all) income from interest, dividends, rents (less expenses), and capital gains (less capital losses). The tax will fall only on individuals with an adjusted gross income (AGI) above $200,000 and couples filing a joint return with more than $250,000 AGI.

Here are some real estate scenarios and examples.

This tax does not affect most Tulsa home sellers or home buyers. Therefore this Medicare Tax is not a sales tax at all, because it will not be applied to everyone — at least not hypothetically until inflation puts almost everyone into the “high-income” bracket. This is a long-term possibility since this Medicare tax does not adjust for inflation. As time passes, more and more midtown Tulsa home-owners will find themselves having to pay the Medicare Tax when they sell their midtown Tulsa homes.

This tax will depend on each individual’s or family’s mix of all the elements of their income. There are many steps in the computation process for this tax, and so only a trained tax professional will be able to advise homeowners regarding their tax liability under this law.

The Medicare Tax will affect many high-income families in midtown Tulsa when they sell their homes after January 1, 2013. It will all depend on which tax bracket the last dollar of income falls into. Click here to find 2010-2013 Marginal Tax Rates.

Here are some real estate scenarios and examples you can explore to figure out if your family will be affected by The Obama-Care 3.8% Investment Income Tax or Medicare Tax

Here is a brief exploration of how the Medicare Tax will affect “high-income” home owners with certain types of investment income:

The new tax would apply only to households with adjusted gross incomes (AGI) above $200,000 for individuals or $250,000 for couples filing a joint return.
The current capital gains tax law allows individuals to exclude up to $250,000 of profit from taxation, and $500,000 for married couples when selling a personal residence. The tax would only be imposed on the gain over the threshold amount.
The 3.8 percent tax would apply to whichever amount is less: an individual or married couple’s total investment income or the amount that their AGI exceeds the high-income threshold (of $200,000 for individuals or $250,000 for married couples).
For example, a married couple has an AGI of $325,000. They purchased a home in California many years ago for $350,000 and sold it this year for $900,000, making a profit of $550,000. After excluding $500,000 from their gain of the sale, they are left with $50,000 investment income. Since their AGI is $75,000 over the married threshold amount the lesser amount of $50,000 would be subject to taxation – at 3.8 percent they would owe $1,900.

For more information, watch the video prepared by the National Association of REALTORS® Director of Tax Policy back on November 23, 2010.

The 3.8 percent tax will take effect beginning January 1, 2013.

Perhaps you may want to consider selling your midtown Tulsa home now while there are many buyers out in force taking advantage of record-breaking low mortgage rates.

Call Debbie Solano today at 918-724-8201 to list your midtown Tulsa home.

Get Shortlink: http://midtowntulsarealestate.com/?p=7093

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The State of the Tulsa Real Estate Market: June Inventory Analysis for the Tulsa MLS

Tulsa, OKlahoma Real Estate No Responses »

Jul 222012

The State of the Tulsa Real Estate Market: June Inventory Analysis for the Tulsa MLS — Report dated July 11, 2012.

Tulsa Real Estate Market Inventory Analysis

Tulsa Real Estate Market Inventory Analysis for the Tulsa MLS during June 2012 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 918-712-4473.

Quick Summary

Absorption: Last 12 months an average of 922 sales per month
Active Inventory: As of June 30, 2012 = 9,604
Closed Listings: 1,104
Pending Listings: 1,120
New Listings: 2,416
Average List Price: $171,474
Average Sale Price: $164,693
Average Percent of List Price to Selling Price: 98.22%
Average Days on Market to Sale: 55.33 days
Months Suply of Inventory: 10.15 months
End of Month Inventory: 9,604
Months Supply of Inventory: 10.41 months

Analysis Wrap Up

Months Supply of Inventory (MSI) Decreases

The total housing inventory at the end of June 2012 decreased
7.72% to 9,604 existing homes available for sale. Over the last
12 months this area has had an average of 922 closed sales
per month. This represents an unsold inventory index of 10.41
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 4.92% in June 2012
to $164,693 versus the previous year at $156,977.

Average Days on Market Shortens

The average number of 55.33 days that homes spent on the
market before selling decreased by 3.73 days or 6.31% in June
2012 compared to last year’s same month at 59.06 DOM.

Sales Success for June 2012 is Positive

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

There were 2,416 New Listings in June 2012, down 1.27%
from last year at 2,447. Furthermore, there were 1,104 Closed
Listings this month versus last year at 1,000, a 10.40%
increase.

Closed versus Listed trends yielded a 45.7% ratio, up from last
year’s June 2012 at 40.9%, a 11.82% 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:
The State of the Tulsa Real Estate Market: June 2012 Inventory Analysis for the Tulsa MLS

Get Shortlink: http://midtowntulsarealestate.com/?p=7075
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The State of the Tulsa Real Estate Market: May Inventory Analysis for the Tulsa MLS

Tulsa, OKlahoma Real Estate No Responses »

Jun 172012

The State of the Tulsa Real Estate Market: May Inventory Analysis for the Tulsa MLS — Report dated June 11, 2012.

Tulsa Real Estate Market Inventory Analysis

Tulsa Real Estate Market Inventory Analysis for the Tulsa MLS during May 2012 indicates the market is really picking 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 918-712-4473.

Quick Summary

Absorption: Last 12 months an average of 913 sales per month
Active Inventory: As of May 31, 2012 = 9,261
Closed Listings: 1,125
Pending Listings: 1,236
New Listings: 2,347
Average List Price: $169,463
Average Sale Price: $163,368
Average Percent of List Price to Selling Price: 97.30%
Median Days on Market to Sale: 58.32 days
Months Suply of Inventory: 10.15 months
End of Month Inventory: 9,161
Months Supply of Inventory: 10.23 months

Analysis Wrap Up

Months Supply of Inventory (MSI) Decreases

The total housing inventory at the end of May 2012 decreased
8.52% to 9,261 existing homes available for sale. Over the last
12 months the Tulsa area has had an average of 913 closed sales
per month. This represents an unsold inventory index of 10.15
MSI for this period.

Average Sale Prices Going Up

According to the preliminary trends, the Tulsa real estate market area has
experienced some upward momentum with the increase of
Average Price this month. Prices went up 12.83% in May 2012
to $163,368 versus the previous year at $144,793.

Average Days on Market Lengthens

The average number of 58.32 days that Tulsa homes spent on the
market before selling increased by 0.11 days or 0.19% in May
2012 compared to last year’s same month at 58.21 DOM.

Sales Success for May 2012 is Positive

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

There were 2,347 New Listings in May 2012, down 3.38% from
last year at 2,429. Furthermore, there were 1,125 Closed
Listings this month versus last year at 924, a 21.75% increase.

Closed versus Listed trends yielded a 47.9% ratio, up from last
year’s May 2012 at 38.0%, a 26.01% 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:
The State of the Tulsa Real Estate Market: May 2012 Inventory Analysis for the Tulsa MLS

Get Shortlink: http://midtowntulsarealestate.com/?p=7027
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The State of the Tulsa Real Estate Market: April Inventory Analysis for the Tulsa MLS

Tulsa, OKlahoma Real Estate No Responses »

Jun 142012

Vintage Home on a Half-Acre Lot in Midtown Tulsa

The State of the Tulsa Real Estate Market: April Inventory Analysis for the Tulsa MLS — Report dated May 23, 2012.

Tulsa Real Estate Market Inventory Analysis

Tulsa Real Estate Market Inventory Analysis for the Tulsa MLS during April 2012 indicates the market is really picking 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 918-712-4473.

Quick Summary

Absorption: Last 12 months an average of 896 sales per month
Active Inventory: As of April 30, 2012 = 9,161
Closed Listings: 1,028
Pending Listings: 1,299
New Listings: 2,670
Median List Price: $129,900
Median Sale Price: $125,000
Median Percent of List Price to Selling Price: 97.54%
Median Days on Market to Sale: 44 days
End of Month Inventory: 9,161
Months Supply of Inventory: 10.23 months

Analysis Wrap Up

Months Supply of Inventory (MSI) Decreases

The total housing inventory at the end of April 2012 decreased
7.18% to 9,161 existing homes available for sale. Over the last
12 months this area has had an average of 896 closed sales
per month. This represents an unsold inventory index of 10.23
MSI for this period.

Median Sales Prices Going Up

According to the preliminary trends, this market area has
experienced some upward momentum with the increase of
Median Price this month. Prices went up 4.25% in April 2012 to
$125,000 versus the previous year at $119,900.

Median Days on Market Shortens

The median number of 44.00 days that homes spent on the
market before selling decreased by 8.00 days or 15.38% in
April 2012 compared to last year’s same month at 52.00 DOM.

Sales Success for April 2012 is Positive

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

There were 2,670 New Listings in April 2012, down 1.04% from
last year at 2,698. Furthermore, there were 1,028 Closed
Listings this month versus last year at 915, a 12.35% increase.

Closed versus Listed trends yielded a 38.5% ratio, up from last
year’s April 2012 at 33.9%, a 13.53% upswing. This will
certainly create pressure on a decreasing Month’s Supply of
Inventory (MSI) in the following months to come.