September 2013 Housing Sales Statistics

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  • 1. September 2013 Area Delimited by Entire OK State MLS Single-Family Property Type Absorption: Last 12 months, an Average of 3,630 Sales/Month Active Inventory as of September 30, 2013 = 21,962 Closed Listings Pending Listings New Listings Average List Price Average Sale Price Average Percent of List Price to Selling Price Average Days on Market to Sale End of Month Inventory Months Supply of Inventory SEPTEMBER Market Activity 2012 2013 +/-% 3,196 3,096 5,363 163,786 158,144 96.35% 81.19 23,987 7.28 3,667 3,485 5,454 166,913 161,992 96.47% 71.80 21,962 6.05 14.74% 12.56% 1.70% 1.91% 2.43% 0.13% -11.57% -8.44% -16.93% Monthly Inventory Analysis Closed (11.55%) Pending (10.97%) Other OffMarket (8.32%) Active (69.16%) Report Produced on: Oct 16, 2013 Data from the The Oklahoma Association of REALTORS® Analysis Wrap-Up Months Supply of Inventory (MSI) Decreases The total housing inventory at the end of September 2013 decreased 8.44% to 21,962 existing homes available for sale. Over the last 12 months this area has had an average of 3,630 closed sales per month. This represents an unsold inventory index of 6.05 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 2.43% in September 2013 to $161,992 versus the previous year at $158,144. Average Days on Market Shortens The average number of 71.80 days that homes spent on the market before selling decreased by 9.40 days or 11.57% in September 2013 compared to last year’s same month at 81.19 DOM. Sales Success for September 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 5,454 New Listings in September 2013, up 1.70% from last year at 5,363. Furthermore, there were 3,667 Closed Listings this month versus last year at 3,196, a 14.74% increase. Closed versus Listed trends yielded a 67.2% ratio, up from last year’s September 2013 at 59.6%, a 12.82% upswing. This will certainly create pressure on a decreasing Month’s Supply of Inventory (MSI) in the following months to come. What's in this Issue Closed Listings Pending Listings New Listings Inventory Months Supply of Inventory Average Days on Market to Sale Average List Price at Closing Average Sale Price at Closing Average Percent of List Price to Selling Price Market Summary 1 2 3 4 5 6 7 8 9 10 Real Estate is Local Consumers Should Consult with a REALTOR® Buying or selling real estate, for a majority of consumers, is one of the most important decisions they will make. Choosing a real estate professional continues to be a vital part of this process. Identify a Professional to Manage the Procedure REALTORS® are well-informed about critical factors that affect your specific market area - such as changes in market conditions, consumer attitudes and interest rates. Are You Ready to Buy or Sell Real Estate? For more information, contact: Steve Reese - Vice President, Marketing 405-848-9944 steve@oklahomarealtors.com Or visit: www.OklahomaRealtors.com Reports produced and compiled by RE STATS Inc. Information is deemed reliable but not guaranteed. Does not reflect all market activity.
  • 2. Monthly Inventory Analysis Data from the The Oklahoma Association of REALTORS® September 2013 Closed Sales as of Oct 13, 2013 Closed Listings Report Produced on: Oct 16, 2013 Area Delimited by Entire OK State MLS - Single-Family Property Type SEPTEMBER 2009 2010 YEAR TO DATE (YTD) 2011 2012 3,217 2013 3,196 2009 2010 2011 2012 3,667 3,513 28,623 2,697 2013 33,801 31,182 27,279 26,983 1 Year +14.74% 2 Year +13.99% 1 Year +8.40% 2 Year +25.27% 5 YEAR MARKET ACTIVITY TRENDS 5yr SEP AVG = 3,258 High Jul 2013 = 4,613 Low Jan 2010 = 1,719 5,000 4,000 3,000 3 MONTHS J 4,613 U L Closed Listings A 4,317 U G -6.42% Closed Listings this month at 3,667, above the 5 yr SEP S 3,667 E average of 3,258 P -15.06% 2,000 1,000 0 Jun 2009 Dec 2009Jun 2010 Dec 2010Jun 2011 Dec 2011Jun 2012 Dec 2012Jun 2013 CLOSED LISTINGS & BEDROOMS DISTRIBUTION BY PRICE Distribution of Closed Listings by Price Range % AVDOM 2 Beds 3 Beds 4 Beds 5 Beds+ 158 4.31% 96.2 78 69 9 2 $25,001 $75,000 609 16.61% 84.2 213 353 32 11 $75,001 $100,000 Ready to Buy or Sell Real Estate? Contact an experienced REALTOR $25,000 and less 388 10.58% 71.8 87 268 27 6 $100,001 $150,000 908 24.76% 59.4 144 655 104 5 $150,001 $200,000 712 19.42% 73.2 100 413 189 10 $200,001 $275,000 473 12.90% 69.9 67 163 225 18 $275,001 and up 419 11.43% 71.4 36 113 222 48 Total Closed Units: Total Closed Volume: Average Closed Price: 3,667 594,023,433 $161,992 71.8 725 2034 808 100 86.37M 278.53M 194.47M 34.65M $119,135 $136,937 $240,686 $346,455 Reports produced and compiled by RE STATS Inc. Information is deemed reliable but not guaranteed. Does not reflect all market activity. Steve Reese 405-848-9944 steve@oklahomarealtors.com pp. 1
  • 3. Monthly Inventory Analysis Data from the The Oklahoma Association of REALTORS® September 2013 Pending Listings as of Oct 13, 2013 Pending Listings Report Produced on: Oct 16, 2013 Area Delimited by Entire OK State MLS - Single-Family Property Type SEPTEMBER 2009 2010 2011 2012 2,895 3,096 3,433 2,506 YEAR TO DATE (YTD) 2013 2009 2010 2011 2012 3,485 30,544 2013 35,720 32,717 27,878 28,045 1 Year +12.56% 2 Year +20.38% 1 Year +9.18% 2 Year +27.37% 5 YEAR MARKET ACTIVITY TRENDS 5yr SEP AVG = 3,083 High Apr 2010 = 4,936 Low Dec 2009 = 2,022 5,000 4,000 3,000 3 MONTHS J 4,166 U L Pending Listings A 4,128 U G -0.91% Pending Listings this month at 3,485, above the 5 yr SEP S 3,485 E average of 3,083 P -15.58% 2,000 1,000 0 Jun 2009 Dec 2009Jun 2010 Dec 2010Jun 2011 Dec 2011Jun 2012 Dec 2012Jun 2013 PENDING LISTINGS & BEDROOMS DISTRIBUTION BY PRICE Distribution of Pending Listings by Price Range % AVDOM 2 Beds 3 Beds 4 Beds 5 Beds+ 108 3.10% 58.6 54 47 6 1 $25,001 $75,000 606 17.39% 68.6 195 360 44 7 $75,001 $100,000 Ready to Buy or Sell Real Estate? Contact an experienced REALTOR $25,000 and less 408 11.71% 75.4 95 273 31 9 $100,001 $150,000 904 25.94% 61.5 146 652 95 11 $150,001 $200,000 600 17.22% 72.3 100 345 145 10 $200,001 $275,000 439 12.60% 81.9 65 192 160 22 $275,001 and up 420 12.05% 85.4 36 116 216 52 Total Pending Units: Total Pending Volume: Average Listing Price: 3,485 575,073,629 $160,505 74.6 691 1985 697 112 86.49M 274.54M 173.67M 40.37M $125,164 $138,307 $249,174 $360,455 Reports produced and compiled by RE STATS Inc. Information is deemed reliable but not guaranteed. Does not reflect all market activity. Steve Reese 405-848-9944 steve@oklahomarealtors.com pp. 2
  • 4. Monthly Inventory Analysis Data from the The Oklahoma Association of REALTORS® September 2013 New Listings as of Oct 13, 2013 New Listings Report Produced on: Oct 16, 2013 Area Delimited by Entire OK State MLS - Single-Family Property Type SEPTEMBER 2009 2010 YEAR TO DATE (YTD) 2011 2012 5,527 5,501 5,363 2013 2009 5,229 2011 54,637 5,454 2010 54,110 51,859 2012 2013 56,459 57,607 1 Year +1.70% 2 Year -1.32% 1 Year +2.03% 2 Year +6.46% 5 YEAR MARKET ACTIVITY TRENDS 5yr SEP AVG = 5,415 High Apr 2010 = 7,793 Low Dec 2012 = 3,698 8,000 7,000 6,000 5,000 New Listings 4,000 3,000 2,000 1,000 0 Jun 2009 Dec 2009Jun 2010 Dec 2010Jun 2011 Dec 2011Jun 2012 Dec 2012Jun 2013 3 MONTHS J 7,138 U L A 6,356 U G -10.96% New Listings this month at 5,454, above the 5 yr SEP S 5,454 E average of 5,415 P -14.19% NEW LISTINGS & BEDROOMS DISTRIBUTION BY PRICE Distribution of New Listings by Price Range % 2 Beds 3 Beds 4 Beds 5 Beds+ 526 9.64% 255 232 34 5 $50,001 $75,000 557 10.21% 203 317 37 0 $75,001 $100,000 Ready to Buy or Sell Real Estate? Contact an experienced REALTOR $50,000 and less 617 11.31% 144 406 61 6 $100,001 $150,000 1,275 23.38% 195 887 179 14 $150,001 $225,000 1,222 22.41% 151 708 339 24 $225,001 $325,000 629 11.53% 69 243 283 34 $325,001 and up 628 11.51% 58 139 303 128 Total New Listed Units: Total New Listed Volume: Average New Listed Listing Price: 5,454 1,035,130,185 $210,700 1075 2932 1236 211 140.40M 438.13M 332.60M 124.00M $130,601 $149,431 $269,093 $587,699 Reports produced and compiled by RE STATS Inc. Information is deemed reliable but not guaranteed. Does not reflect all market activity. Steve Reese 405-848-9944 steve@oklahomarealtors.com pp. 3
  • 5. Monthly Inventory Analysis Data from the The Oklahoma Association of REALTORS® September 2013 Active Inventory as of Oct 13, 2013 Active Inventory Report Produced on: Oct 16, 2013 Area Delimited by Entire OK State MLS - Single-Family Property Type END OF SEPTEMBER 2009 2010 2011 25,530 ACTIVE DURING SEPTEMBER 2012 2013 2009 26,043 21,962 21,467 2011 31,087 23,973 2010 2012 2013 32,115 29,816 28,090 27,384 1 Year -8.39% 2 Year -15.67% 1 Year -5.79% 2 Year -12.53% 5 YEAR MARKET ACTIVITY TRENDS 5yr SEP AVG = 23,795 Active Inventory High Jul 2011 = 26,758 Low Dec 2009 = 19,799 30,000 20,000 3 MONTHS J 22,933 U L A 22,639 U G -1.28% Inventory this month at 21,962, below the 5 yr SEP S 21,962 E average of 23,795 P -2.99% 10,000 0 Jun 2009 Dec 2009Jun 2010 Dec 2010Jun 2011 Dec 2011Jun 2012 Dec 2012Jun 2013 INVENTORY & BEDROOMS DISTRIBUTION BY PRICE Distribution of Inventory by Price Range % AVDOM 2 Beds 3 Beds 4 Beds 5 Beds+ 2,060 9.38% 119.1 1,073 851 125 11 $50,001 $75,000 2,266 10.32% 116.8 880 1,221 147 18 $75,001 $100,000 Ready to Buy or Sell Real Estate? Contact an experienced REALTOR $50,000 and less 2,655 12.09% 109.4 726 1,677 230 22 $100,001 $175,000 6,639 30.23% 100.9 1,205 4,208 1,117 109 $175,001 $225,000 2,682 12.21% 102.1 401 1,330 887 64 $225,001 $350,000 3,233 14.72% 109.3 458 1,084 1,449 242 $350,001 and up 2,427 11.05% 118.2 236 493 1,125 573 Total Active Inventory by Units: Total Active Inventory by Volume: Average Active Inventory Listing Price: 21,962 4,371,874,530 $199,065 108.6 4,979 10,864 5,080 1,039 679.24M 1.68B 1.44B 570.60M $136,421 $154,987 $283,122 $549,185 Reports produced and compiled by RE STATS Inc. Information is deemed reliable but not guaranteed. Does not reflect all market activity. Steve Reese 405-848-9944 steve@oklahomarealtors.com pp. 4
  • 6. Monthly Inventory Analysis Data from the The Oklahoma Association of REALTORS® September 2013 Active Inventory as of Oct 13, 2013 Months Supply of Inventory Report Produced on: Oct 16, 2013 Area Delimited by Entire OK State MLS - Single-Family Property Type MSI FOR SEPTEMBER 2009 2010 8.3 2011 INDICATORS FOR SEPTEMBER 2013 2012 Inventory 2013 9.1 Absorption MSI MSI % 6.1 16.527% Months Supply of Inventory Percent Months Supply of Inventory 43,556 7.3 7.0 Closed 6.1 21,962 1 Year -16.88% 2 Year -33.53% End of Month Active Inventory Closed Last 12 Months 5 YEAR MARKET ACTIVITY TRENDS 3,630 Average Closed per Month over 12 Months 5yr SEP AVG = 7.6 High Jun 2011 = 9.7 Low Feb 2013 = 6.0 Months Supply 10 9 8 7 6 5 4 3 2 1 0 Jun 2009 Dec 2009 Jun 2010 Dec 2010 Jun 2011 Dec 2011 Jun 2012 Dec 2012 Jun 2013 3 MONTHS J 6.4 U L A 6.3 U G -1.72% Months Supply this month at 6.1, below the 5 yr SEP S 6.1 E average of 7.6 P -4.04% MONTHS SUPPLY & BEDROOMS DISTRIBUTION BY PRICE Distribution of Active Inventory by Price Range and MSI % MSI 2 Beds 3 Beds 4 Beds 5 Beds+ 2,060 9.38% 4.8 5.8 4.0 4.7 2.9 $50,001 $80,000 2,862 13.03% 7.3 9.0 6.6 6.1 6.5 $80,001 $110,000 Ready to Buy or Sell Real Estate? Contact an experienced REALTOR $50,000 and less 2,847 12.96% 6.3 6.9 6.0 6.7 8.7 $110,001 $170,000 5,485 24.97% 5.0 5.5 4.7 5.5 13.3 $170,001 $240,000 3,633 16.54% 5.5 6.2 5.4 5.3 5.5 $240,001 $370,000 2,865 13.05% 6.9 8.6 7.0 6.1 9.0 $370,001 and up 2,210 10.06% 12.4 15.8 12.4 10.5 16.6 6.8 5.5 4,979 10,864 6.3 5,080 11.1 1,039 MSI: Total Active Inventory: 6.1 21,962 Reports produced and compiled by RE STATS Inc. Information is deemed reliable but not guaranteed. Does not reflect all market activity. Steve Reese 405-848-9944 steve@oklahomarealtors.com pp. 5
  • 7. Monthly Inventory Analysis Data from the The Oklahoma Association of REALTORS® September 2013 Closed Sales as of Oct 13, 2013 Average Days on Market to Sale Report Produced on: Oct 16, 2013 Area Delimited by Entire OK State MLS - Single-Family Property Type SEPTEMBER 2009 2010 82 78 2011 85 YEAR TO DATE (YTD) 2012 2013 2009 81 84 72 2010 2011 2012 2013 89 83 79 75 1 Year -11.57% 2 Year -15.64% 1 Year -9.47% 2 Year -15.31% 5 YEAR MARKET ACTIVITY TRENDS 5yr SEP AVG = 80 Average Days on Market High Mar 2011 = 98 Low Jul 2013 = 69 100 90 80 70 60 50 40 30 20 10 0 3 MONTHS J 69 U L A 73 U G 6.32% Average DOM this month at 72, below the 5 yr SEP S 72 E average of 80 P -2.18% Jun 2009 Dec 2009 Jun 2010 Dec 2010 Jun 2011 Dec 2011 Jun 2012 Dec 2012 Jun 2013 AVERAGE DOM OF CLOSED SALES & BEDROOMS DISTRIBUTION BY PRICE Distribution of Average Days on Market to Sale by Price Range % AVDOM 2 Beds 3 Beds 4 Beds 5 Beds+ Ready to Buy or Sell Real Estate? Contact an experienced REALTOR $25,000 and less 158 4.31% 96.2 120.1 72.7 56.4 153.0 $25,001 $75,000 609 16.61% 84.2 89.9 75.0 124.2 150.6 $75,001 $100,000 388 10.58% 71.8 81.4 64.7 115.6 51.2 $100,001 $150,000 908 24.76% 59.4 65.3 56.2 70.8 69.4 $150,001 $200,000 712 19.42% 73.2 105.6 67.0 69.6 70.9 $200,001 $275,000 473 12.90% 69.9 63.1 73.5 67.5 91.3 $275,001 and up 419 11.43% 71.4 68.5 71.5 68.0 89.1 Average Closed DOM: Total Closed Units: Total Closed Volume: 71.8 3,667 594,023,433 85.9 725 86.37M 65.6 2034 278.53M 72.3 808 194.47M Reports produced and compiled by RE STATS Inc. Information is deemed reliable but not guaranteed. Does not reflect all market activity. Steve Reese 405-848-9944 steve@oklahomarealtors.com 92.5 100 34.65M pp. 6
  • 8. Monthly Inventory Analysis Data from the The Oklahoma Association of REALTORS® September 2013 Closed Sales as of Oct 13, 2013 Average List Price at Closing Report Produced on: Oct 16, 2013 Area Delimited by Entire OK State MLS - Single-Family Property Type SEPTEMBER 2009 2010 2011 155,265 155,921 YEAR TO DATE (YTD) 2012 2013 163,786 166,913 146,447 2009 2010 2011 2012 2013 155,940 159,814 169,308 149,995 151,722 1 Year +1.91% 2 Year +7.05% 1 Year +5.94% 2 Year +8.57% 5 YEAR MARKET ACTIVITY TRENDS 5yr SEP AVG = 158K Average List Price High Aug 2013 = 176,694 Low Jan 2010 = 139,073 200,000 3 MONTHS J 176,601 U L A 176,694 U Average LPrice this G 0.05% month at 166,913, above the 5 yr SEP S 166,913 E average of 157,666 P -5.54% 100,000 0 Jun 2009Dec 2009Jun 2010Dec 2010Jun 2011Dec 2011Jun 2012Dec 2012Jun 2013 AVERAGE LIST PRICE OF CLOSED SALES & BEDROOMS DISTRIBUTION BY PRICE Distribution of Average List Price at Closing by Price Range % AVL$ 2 Beds 3 Beds 4 Beds 5 Beds+ 140 3.82% 17,203 19,974 18,096 19,129 18,000 $25,001 $75,000 573 15.63% 53,132 53,795 57,698 65,738 48,873 $75,001 $100,000 Ready to Buy or Sell Real Estate? Contact an experienced REALTOR $25,000 and less 408 11.13% 89,366 90,952 91,822 93,095 97,817 $100,001 $150,000 898 24.49% 128,420 130,381 130,468 133,006 122,760 $150,001 $200,000 728 19.85% 175,332 176,518 176,300 181,300 180,760 $200,001 $275,000 475 12.95% 236,057 239,834 238,194 241,528 246,307 $275,001 and up 445 12.14% 421,721 457,980 381,126 416,774 583,376 Average List Price: Total Closed Units: Total List Volume: $166,913 3,667 612,070,212 $124,016 $140,799 $247,222 $360,175 725 2034 808 100 89.91M 286.39M 199.76M 36.02M Reports produced and compiled by RE STATS Inc. Information is deemed reliable but not guaranteed. Does not reflect all market activity. Steve Reese 405-848-9944 steve@oklahomarealtors.com pp. 7
  • 9. Monthly Inventory Analysis Data from the The Oklahoma Association of REALTORS® September 2013 Closed Sales as of Oct 13, 2013 Average Sold Price at Closing Report Produced on: Oct 16, 2013 Area Delimited by Entire OK State MLS - Single-Family Property Type SEPTEMBER 2009 2012 2011 149,336 2013 158,144 141,907 2010 YEAR TO DATE (YTD) 149,764 2009 2010 2011 2012 2013 161,992 150,156 154,157 163,953 144,726 146,241 1 Year +2.43% 2 Year +8.16% 1 Year +6.36% 2 Year +9.19% 5 YEAR MARKET ACTIVITY TRENDS 5yr SEP AVG = 152K Average Sold Price High Jul 2013 = 171,551 Low Jan 2010 = 133,432 200,000 3 MONTHS J 171,551 U L A 170,358 U Average SPrice this G -0.70% month at 161,992, above the 5 yr SEP S 161,992 E average of 152,228 P -4.91% 100,000 0 Jun 2009Dec 2009Jun 2010Dec 2010Jun 2011Dec 2011Jun 2012Dec 2012Jun 2013 AVERAGE SOLD PRICE OF CLOSED SALES & BEDROOMS DISTRIBUTION BY PRICE Distribution of Average Sold Price at Closing by Price Range % AVS$ 2 Beds 3 Beds 4 Beds 5 Beds+ 158 4.31% 15,780 15,929 15,434 16,922 16,750 $25,001 $75,000 609 16.61% 52,511 49,811 53,697 59,472 46,473 $75,001 $100,000 Ready to Buy or Sell Real Estate? Contact an experienced REALTOR $25,000 and less 388 10.58% 88,606 88,280 88,588 88,847 93,042 $100,001 $150,000 908 24.76% 127,427 126,620 127,391 129,069 121,160 $150,001 $200,000 712 19.42% 173,698 171,164 172,714 176,946 178,330 $200,001 $275,000 473 12.90% 234,700 232,136 233,226 236,227 238,493 $275,001 and up 419 11.43% 417,142 442,698 371,519 405,420 559,596 Average Closed Price: Total Closed Units: Total Closed Volume: $161,992 3,667 594,023,433 $119,135 $136,937 $240,686 $346,455 725 2034 808 100 86.37M 278.53M 194.47M 34.65M Reports produced and compiled by RE STATS Inc. Information is deemed reliable but not guaranteed. Does not reflect all market activity. Steve Reese 405-848-9944 steve@oklahomarealtors.com pp. 8
  • 10. Monthly Inventory Analysis Data from the The Oklahoma Association of REALTORS® September 2013 Closed Sales as of Oct 13, 2013 Average Percent of List Price to Selling Price Report Produced on: Oct 16, 2013 Area Delimited by Entire OK State MLS - Single-Family Property Type SEPTEMBER 2009 2010 2011 YEAR TO DATE (YTD) 2012 2013 96.35% 96.47% 96.88% 95.81% 95.71% 2009 2010 2011 2012 2013 96.67% 96.38% 96.22% 96.19% 96.29% 1 Year +0.13% 2 Year +0.80% 1 Year +0.39% 2 Year +0.50% 5 YEAR MARKET ACTIVITY TRENDS 5yr SEP AVG=96.24% Average List/Sell Price High Jun 2011 = 98.79% Low Jan 2011 = 95.22% 99 98 3 MONTHS J 96.97% U L A 96.71% U Average List/Sell this G -0.26% month at 96.47%, above the 5 yr SEP S 96.47% E average of 96.24% P -0.25% 97 96 95 Jun 2009 Dec 2009 Jun 2010 Dec 2010 Jun 2011 Dec 2011 Jun 2012 Dec 2012 Jun 2013 AVERAGE L/S% OF CLOSED SALES & BEDROOMS DISTRIBUTION BY PRICE Distribution of $avgmed L/S % by Price Range % AVL/S% 2 Beds 3 Beds 4 Beds 5 Beds+ 158 4.31% 85.18% 82.77% 87.12% 89.31% 93.82% $25,001 $75,000 609 16.61% 93.80% 92.68% 94.57% 91.48% 97.25% $75,001 $100,000 Ready to Buy or Sell Real Estate? Contact an experienced REALTOR $25,000 and less 388 10.58% 97.09% 97.36% 97.12% 96.30% 95.57% $100,001 $150,000 908 24.76% 97.65% 97.28% 97.77% 97.33% 98.69% $150,001 $200,000 712 19.42% 97.89% 97.17% 98.10% 97.77% 98.75% $200,001 $275,000 473 12.90% 97.83% 97.20% 98.08% 97.91% 96.81% $275,001 and up 419 11.43% 97.57% 97.19% 97.89% 97.61% 96.91% Average List/Sell Ratio: Total Closed Units: Total Closed Volume: 96.50% 3,667 594,023,433 94.35% 725 86.37M 96.87% 2034 278.53M 97.32% 808 194.47M Reports produced and compiled by RE STATS Inc. Information is deemed reliable but not guaranteed. Does not reflect all market activity. Steve Reese 405-848-9944 steve@oklahomarealtors.com 97.06% 100 34.65M pp. 9
  • 11. Monthly Inventory Analysis Data from the The Oklahoma Association of REALTORS® September 2013 Inventory as of Oct 13, 2013 Market Summary Report Produced on: Oct 16, 2013 Area Delimited by Entire OK State MLS - Single-Family Property Type Inventory Inventory Market Activity New Listings 5,454 = 19.41% Closed Sales 3,667 = 11.55% Start Inventory 22,640 Pending Sales 3,485 = 10.97% Total Inventory Units 28,094 Volume $5,506,360,199 Absorption: Last 12 months, an Average of 3,630 Sales/Month Pending Listings 2013 +/-% 3,667 3,485 5,454 166,913 161,992 96.47% 71.80 21,962 6.05 14.74% 12.56% 1.70% 1.91% 2.43% 0.13% -11.57% -8.44% -16.93% +1.70% 166,913 161,992 +2.43% % of List to Sale Price 96.47% -8.44% 2012 2013 AVERAGE L/S% & DOM 7.28 6.05 8.40% 9.18% 2.03% 5.94% 6.36% 0.39% -9.47% -8.44% -16.93% +1.91% 2012 2013 21,962 33,801 35,720 57,607 169,308 163,953 96.67% 75.20 21,962 6.05 31,182 32,717 56,459 159,814 154,157 96.29% 83.07 23,987 7.28 +/-% 158,144 +12.56% Monthly Supply of Inventory 2013 Sale Price 3,485 INVENTORY 2012 AVERAGE PRICES 163,786 3,096 Year To Date List Price 5,454 23,987 SEPTEMBER 2012 2013 SEPTEMBER MARKET Active Inventory Active Inventory 21,962 = 69.16% 3,196 3,096 5,363 163,786 158,144 96.35% 81.19 23,987 7.28 Closed Sales Pending Sales New Listings Average List Price Average Sale Price Average Percent of List Price to Selling Price Average Days on Market to Sale Monthly Inventory Months Supply of Inventory 5,363 Other Off Market 2,642 = 8.32% 2012 Active Inventory as of September 30, 2013 = 21,962 New Listings Market Activity -16.93% Days on Market to Sale 81.19 96.35% 71.80 +0.13% -11.57% Reports produced and compiled by RE STATS Inc. Information is deemed reliable but not guaranteed. Does not reflect all market activity. Steve Reese 405-848-9944 2012 2013 steve@oklahomarealtors.com pp. 10