07/22/2024
Hey there, Tulsa home buyers! Let's dive into some key real estate metrics that can give you a better understanding of the current market trends.
First up, we have the Months Supply of Inventory, which is sitting at 2.48. This number tells us how long it would take for all the current listings to sell at the current pace of sales. A lower number typically indicates a seller's market, where there is high demand and limited supply.
Now, let's look at the 12-Month Change in Months of Inventory, which has seen a significant increase of +55.97%. This could suggest a shift towards a more balanced market, where there is a bit more inventory available for buyers to choose from.
Next, we have the Median Days Homes are On the Market, coming in at just 13 days. This means that homes are selling quickly, so if you see something you like, you may need to act fast!
The List to Sold Price Percentage is at 98%, showing that homes are generally selling close to their listing price. This could indicate that sellers are pricing their homes competitively and buyers may need to be prepared to make strong offers.
Lastly, the Median Sold Price is $251,750. This gives you an idea of the average price of homes that are selling in the current market.
Overall, these metrics suggest that the market is active and competitive, with homes selling quickly and close to their listing price.
I'd be honored to help you find your dream home!
