According to recent data, the number of new homes available for sale in the Tulsa, OK area is declining. This is welcome news for those of us in the housing business since an oversupply has been slow to absorb into the market in many parts of the northeastern Oklahoma area. New homes for sale in Tulsa, Broken Arrow, Bixby, Glenpool, Jenks, Owasso, Oklahoma.
Sold Median Price Trends are steady.
Supply trend down; Demand trending steady.
Month’s Supply of Inventory based on contracts trending slightly down over past year. March, 2010, MSI favorable.
Month’s Supply based on Sold-Closings lag behind Month’s Supply based on contracts being written.
Contracts being written by the week. Past 12 weeks trend better than Previous 12 weeks.
For Sale, Under Contract, Sold (closed) trending down in past 6 months.
Results of competitive pricing.
Information courtesy of:
Thomas E Allen, CRP, RAC Member
Thomas E Allen Appraisals, LLC
PO Box 702438
Tulsa, Ok 74170-2348
(918) 481 3500 FAX (918) 477 2044
TomAllen@TulsaCoxMail.com or TomAllen@RAC.net
Relocation appraisals, destination due diligence, loss mitigation, REO analysis-appraisal, consulting, mortgage loan appraisals for origination, review appraisals, market condition analysis, forensic studies, and collateral value estimates.
© 2010 Thomas E Allen Appraisals, LLC All rights reserved.
