Tom Allen, Tulsa real estate appraiser, has provided the following information for a recent Future of Real Estate radio program regarding the trend in residential real estate values in Jenks, Oklahoma (a suburb of Tulsa, OK).  The data reflects existing houses in the Jenks Public School District which encompasses parts of the City of Tulsa.

Stable Median Price trend.  Median Prices in Jenks are the highest in the 7 county MSA.

Supply trending down but past 3 months are trend changing. Demand trends stable.

Month’s Supply of Inventory based on contracts being written. High median prices results in higher monthly inventory levels.

This method of calculation is more reflective of current market activity.

NAR Month’s Supply based on Sold/Closings during the month divided into existing inventory at the end of the month.

More contracts written in past 12 weeks than previous 12 weeks. Jenks Public Schools market.

Courtesy of Thomas E Allen, CRP, RAC Member, Thomas E Allen Appraisals, LLC

For current MLS listings of Jenks, OK houses for sale, visit www.darrylbaskin.com/jenks