Tulsa Real Estate Market Trend Report ~ April 2008
The following market statistics are based on information gathered from the Tulsa Board of REALTORS for the period March 1st through April 30th, 2008.
It was a hopping spring here in the Tulsa Real Estate world! The market here is still rich with buyers and sellers are plentiful - April saw an increase in single family homes being listed with 2,613 homes reported as being for sale on the Tulsa MLS (Multiple Listing Service), up from 2,590 in March.
Pending listings were growing too, from 1,214 in March to 1,413 in April - almost 200 more contracts being written month over month!
The sales prices have dropped slightly over the past month, with the average in March being $158,220 versus $150,543 in April. With this being said, however, the length of time theTulsa Real Estate single family home listings were active dropped significantly from 58 days on average to only 53. When comparing these numbers to the market in other North American markets, the Tulsa Real Estate market truly is still doing exceptionally well.
Closings also rose over the past two months, from 963 to 1,059 with a steady 97% list price versus sales price difference.
So, it really is a "Good Thing You're In Tulsa" and if you're a homeowner, all the better! If you would like to become a new Tulsa Real Estate homeowner or thinking of moving, please contact me or visit my website to view all Tulsa Real Estate listings currently available.
Information is Believed To Be Accurate But Not Guaranteed.