Have you seen a monthly inventory analysis before? Here’s May’s numbers as compared to last years!
So what does this chart actually say?
It says that we have had more closed sales and pending sales than we did in the same time frame last year, while still having far fewer new listings coming on the market, and tremendously fewer houses in the inventory. In the last section (months supply of inventory) a 6 month supply is considered a “balanced” market, anything more is a buyer’s market. When you add in the fact that the average days to sale is at 38 days, it all points to the same thing – we are in a robust seller’s market!
85% of the closed sales in the Tulsa metro market are properties priced below $300,000. If you have property that you think would fall in that category, or you would like one of us on the McGuire Cooley Team to help explain this chart in more detail, give one of us a call today!