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.
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
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%
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
Copyright© 2012 by Debbie Solano — ALL RIGHTS RESERVED — Midtown Tulsa Real Estate — The State of the Tulsa Real Estate Market: June Inventory Analysis for the Tulsa MLS