june 2014 housing sales statistics

Monthly Inventory AnalysisData from the OKLAHOMA ASSOCIATION OF REALTORS®

Area Delimited by Entire OK State MLS -Single-Family Property Type

June 2014

Report Produced on: Jul 15, 2014

Absorption:

Active Inventory

3,693

20,544

JUNE Market Activity

2013 2014 +/-%

Last 12 months, an Average of Sales/Month

as of June 30, 2014 =

Closed ListingsPending ListingsNew ListingsAverage List PriceAverage Sale PriceAverage Percent of List Price to Selling PriceAverage Days on Market to SaleEnd of Month InventoryMonths Supply of Inventory

Closed Listings 1Pending Listings 2New Listings 3Inventory 4Months Supply of Inventory 5Average Days on Market to Sale 6Average List Price at Closing 7Average Sale Price at Closing 8Average Percent of List Price to Selling Price 9Market Summary 10

4,107 4,538 10.49%4,218 4,553 7.94%6,765 6,587 -2.63%

174,511 181,809 4.18%169,800 176,772 4.11%96.98% 97.33% 0.36%

69.48 65.37 -5.91%22,842 20,544 -10.06%

6.48 5.56 -14.11%

Analysis Wrap-Up What's in this Issue

Real Estate is Local

Closed (14.32%)Pending (14.37%)Other OffMarket (6.50%)Active (64.82%)

Months Supply of Inventory (MSI) Decreases

The total housing inventory at the end of June 2014 decreased10.06% to 20,544 existing homes available for sale. Over thelast 12 months this area has had an average of 3,693 closedsales per month. This represents an unsold inventory index of5.56 MSI for this period.

Average Sale Prices Going Up

According to the preliminary trends, this market area hasexperienced some upward momentum with the increase ofAverage Price this month. Prices went up 4.11% in June 2014to $176,772 versus the previous year at $169,800.

Average Days on Market Shortens

The average number of 65.37 days that homes spent on themarket before selling decreased by 4.11 days or 5.91% in June2014 compared to last year’s same month at 69.48 DOM.

Sales Success for June 2014 is Positive

Overall, with Average Prices going up and Days on Marketdecreasing, the Listed versus Closed Ratio finished strong thismonth.

There were 6,587 New Listings in June 2014, down 2.63%from last year at 6,765. Furthermore, there were 4,538 ClosedListings this month versus last year at 4,107, a 10.49%increase.

Closed versus Listed trends yielded a 68.9% ratio, up from lastyear’s June 2014 at 60.7%, a 13.48% upswing. This willcertainly create pressure on a decreasing Month’s Supply ofInventory (MSI) in the following months to come.

Consumers Should Consult with a REALTOR®

Buying or selling real estate, for a majority of consumers, isone of the most important decisions they will make. Choosing areal estate professional continues to be a vital part of thisprocess.

Identify a Professional to Manage the Procedure

REALTORS® are well-informed about critical factors that affectyour specific market area - such as changes in marketconditions, consumer attitudes and interest rates.

Find a REALTOR® at okrealtors.com

For more information, contact:

Steve Reese - Vice President of [email protected] visit: www.okrealtors.com

Reports produced and compiled by Information is deemed reliable but not guaranteed. Does not reflect all market activity.RE STATS Inc.

http://www.redatum.com

Monthly Inventory Analysis

OKLAHOMA ASSOCIATION OF REALTORS®

June 2014

Clo

sed L

isting

s

Closed Listings

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Data from the

Area Delimited by Entire OK State MLS - Single-Family Property Type

Closed Sales as of Jul 11, 2014


JUNE YEAR TO DATE (YTD)

5 YEAR MARKET ACTIVITY TRENDS 5yr JUN AVG = 3,987 3 MONTHS

CLOSED LISTINGS & BEDROOMS DISTRIBUTION BY PRICE

High

LowJul 2013 = 4,638

Jan 2010 = 1,722

Closed Listings thismonth atabove the 5 yr JUNaverage of

4,538,

3,987

APR

MAY

JUN

Distribution of Closed Listings by Price Range % AVDOM 2 Beds 3 Beds 4 Beds 5 Beds+

2010

3,847

2011

3,515

2012

3,928

2013

4,107

2014

4,538

1 Year

2 Year+10.49%

+15.53%

2010

18,912

2011

16,935

2012

19,913

2013

21,260

2014

21,718

1 Year

2 Year+2.15%

+9.06%

3,764

4,47818.97%

4,5381.34%

419 9.23% 75.1 182 206 29 2$50,000and less

353 7.78% 75.8 104 219 27 3$50,001$75,000

929 20.47% 64.6 198 648 78 5$75,001$125,000

616 13.57% 51.8 95 445 73 3$125,001$150,000

1,216 26.80% 60.6 142 697 357 20$150,001$225,000

502 11.06% 71.9 52 171 247 32$225,001$300,000

503 11.08% 72.9 36 112 270 85$300,001and up

5,000

4,000

3,000

2,000

1,000

0Jun 2010 Dec 2010 Jun 2011 Dec 2011 Jun 2012 Dec 2012 Jun 2013 Dec 2013

Total Closed Units:Total Closed Volume:Average Closed Price:

4,538802,192,269

$176,772

65.4 809101.46M

$125,415

2498362.60M

$145,157

1081275.80M

$255,137

15062.33M

$415,512

pp. 1Reports produced and compiled by Information is deemed reliable but not guaranteed. Does not reflect all market activity.RE STATS Inc.

Steve Reese - Vice President of Marketing 405-848-9944 [email protected]




June 2014

Pen

din

g L

isting

s

Pending Listings

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Data from the


Pending Listings as of Jul 11, 2014




PENDING LISTINGS & BEDROOMS DISTRIBUTION BY PRICE

High

LowApr 2010 = 4,944

Dec 2010 = 2,049

Pending Listings thismonth atabove the 5 yr JUNaverage of

4,553,

3,733

APR

MAY

JUN

Distribution of Pending Listings by Price Range % AVDOM 2 Beds 3 Beds 4 Beds 5 Beds+

2010

2,745

2011

3,418

2012

3,729

2013

4,218

2014

4,553

1 Year

2 Year+7.94%

+22.10%

2010

19,632

2011

18,439

2012

22,061

2013

23,771

2014

24,822

1 Year

2 Year+4.42%

+12.52%

4,774

4,616-3.31%

4,553-1.36%

411 9.03% 78.2 195 187 26 3$50,000and less

363 7.97% 77.9 137 190 31 5$50,001$75,000

960 21.08% 59.6 195 668 88 9$75,001$125,000

1,119 24.58% 52.9 153 778 175 13$125,001$175,000

670 14.72% 63.6 85 350 222 13$175,001$225,000

550 12.08% 61.5 56 203 262 29$225,001$300,000

480 10.54% 73.4 43 127 240 70$300,001and up

5,000

4,000

3,000

2,000

1,000


Total Pending Units:Total Pending Volume:Average Listing Price:

4,553806,869,341

$177,355

70.9 864107.31M

$124,204

2503381.35M

$152,358

1044264.56M

$253,410

14253.64M

$377,778






June 2014

New

Listin

gs

New Listings

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Data from the


New Listings as of Jul 11, 2014




NEW LISTINGS & BEDROOMS DISTRIBUTION BY PRICE

High

LowApr 2010 = 7,797

Dec 2013 = 3,478

New Listings thismonth atabove the 5 yr JUNaverage of

6,587,

6,455

APR

MAY

JUN

Distribution of New Listings by Price Range % 2 Beds 3 Beds 4 Beds 5 Beds+

2010

6,138

2011

6,612

2012

6,175

2013

6,765

2014

6,587

1 Year

2 Year-2.63%

+6.67%

2010

37,166

2011

36,297

2012

38,444

2013

38,718

2014

38,570

1 Year

2 Year-0.38%

+0.33%

7,328

6,921-5.55%

6,587-4.83%

521 7.91% 251 229 37 4$50,000and less

564 8.56% 212 310 33 9$50,001$75,000

1,395 21.18% 336 923 121 15$75,001$125,000

1,513 22.97% 234 973 284 22$125,001$175,000

897 13.62% 117 463 296 21$175,001$225,000

1,013 15.38% 125 377 451 60$225,001$350,000

684 10.38% 65 137 360 122$350,001and up

8,000

7,000

6,000

5,000

4,000

3,000

2,000

1,000


Total New Listed Units:Total New Listed Volume:Average New Listed Listing Price:

6,5871,300,785,504

$237,713

1340183.91M

$137,243

3412534.94M

$156,781

1582456.82M

$288,761

253125.12M

$494,558






June 2014

Active In

vento

ry

Active Inventory

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Data from the


Active Inventory as of Jul 11, 2014


END OF JUNE ACTIVE DURING JUNE


INVENTORY & BEDROOMS DISTRIBUTION BY PRICE

High

LowJul 2011 = 26,787

Jan 2010 = 19,955

Inventory thismonth atbelow the 5 yr JUNaverage of

20,544,

23,726

APR

MAY

JUN

Distribution of Inventory by Price Range % AVDOM 2 Beds 3 Beds 4 Beds 5 Beds+

2010

24,348

2011

26,350

2012

24,566

2013

22,822

2014

20,5441 Year

2 Year-9.98%

-16.37%

2010

29,152

2011

32,162

2012

30,354

2013

28,974

2014

27,1561 Year

2 Year-6.27%

-10.54%

20,293

20,5801.41%

20,544-0.17%

1,806 8.79% 127.0 936 755 108 7$50,000and less

2,083 10.14% 116.5 802 1,135 130 16$50,001$75,000

2,411 11.74% 109.0 684 1,469 233 25$75,001$100,000

5,583 27.18% 96.9 1,091 3,493 907 92$100,001$175,000

3,592 17.48% 99.9 592 1,739 1,153 108$175,001$250,000

2,670 13.00% 107.6 351 864 1,220 235$250,001$375,000

2,399 11.68% 115.8 269 483 1,176 471$375,001and up

30,000

20,000

10,000


Total Active Inventory by Units:Total Active Inventory by Volume:Average Active Inventory Listing Price:

20,5444,383,289,315

$213,361

107.1 4,725695.16M

$147,124

9,9381.64B

$164,655

4,9271.52B

$308,776

954530.45M

$556,023






June 2014

Mo

nth

s Su

pp

ly

Months Supply of Inventory

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Data from the


Active Inventory as of Jul 11, 2014


MSI FOR JUNE INDICATORS FOR JUNE 2014

5 YEAR MARKET ACTIVITY TRENDS 5yr JUN AVG = 7.4 3 MONTHS

MONTHS SUPPLY & BEDROOMS DISTRIBUTION BY PRICE

High

LowJun 2011 = 9.7

Feb 2014 = 5.5

Months Supply thismonth atbelow the 5 yr JUNaverage of

5.6,

7.4

APR

MAY

JUN

Distribution of Active Inventory by Price Range and MSI % MSI 2 Beds 3 Beds 4 Beds 5 Beds+

2010

7.4

2011

9.7

2012

7.7

2013

6.5

2014

5.61 Year

2 Year-14.04%

-27.70%

Inventory

20,544

End ofMonthActive

Inventory

Closed

44,321

ClosedLast12

Months

Absorption

3,693Average

Closed perMonth over12 Months

MSI

5.6

MonthsSupply

ofInventory

MSI %

17.978%

PercentMonths

Supply ofInventory

5.6

5.60.78%

5.6-1.15%

1,806 8.79% 4.2 5.0 3.6 3.9 1.6$50,000and less

2,083 10.14% 6.4 7.7 5.8 5.7 6.9$50,001$75,000

2,411 11.74% 6.1 7.3 5.5 6.7 7.5$75,001$100,000

5,583 27.18% 4.2 5.2 3.9 4.5 7.3$100,001$175,000

3,592 17.48% 5.4 6.9 5.4 4.8 6.3$175,001$250,000

2,670 13.00% 6.9 9.4 7.3 6.0 8.6$250,001$375,000

2,399 11.68% 13.6 21.1 14.7 12.3 13.2$375,001and up

109876543210

Jun 2010 Dec 2010 Jun 2011 Dec 2011 Jun 2012 Dec 2012 Jun 2013 Dec 2013

MSI:Total Active Inventory: 20,544

5.6 6.54,725

4.99,938

6.04,927

9.3954






June 2014

Averag

e Days o

n M

arket

Average Days on Market to Sale

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Data from the





5 YEAR MARKET ACTIVITY TRENDS 5yr JUN AVG = 75 3 MONTHS

AVERAGE DOM OF CLOSED SALES & BEDROOMS DISTRIBUTION BY PRICE

High

LowMar 2011 = 98

Jun 2014 = 65

Average DOM thismonth atbelow the 5 yr JUNaverage of

65,

75

APR

MAY

JUN

Distribution of Average Days on Market to Sale by Price Range % AVDOM 2 Beds 3 Beds 4 Beds 5 Beds+

2010

78

2011

84

2012

78

2013

69

2014

651 Year

2 Year-5.91%

-16.00%

2010

78

2011

92

2012

86

2013

78

2014

751 Year

2 Year-3.76%

-12.92%

76

66-12.93%

65-1.32%

419 9.23% 75.1 76.9 73.9 74.8 31.0$50,000and less

353 7.78% 75.8 93.6 66.3 86.9 52.3$50,001$75,000

929 20.47% 64.6 74.5 58.6 88.4 91.6$75,001$125,000

616 13.57% 51.8 70.1 45.1 64.6 143.7$125,001$150,000

1,216 26.80% 60.6 68.0 60.0 58.2 72.8$150,001$225,000

502 11.06% 71.9 84.1 66.7 71.1 85.4$225,001$300,000

503 11.08% 72.9 85.8 79.3 66.8 78.5$300,001and up

1009080706050403020100

Jun 2010 Dec 2010 Jun 2011 Dec 2011 Jun 2012 Dec 2012 Jun 2013 Dec 2013

Average Closed DOM:Total Closed Units:Total Closed Volume:

65.44,538

802,192,269

76.9809

101.46M

60.02498

362.60M

67.11081

275.80M

79.8150

62.33M






June 2014

Averag

e List P

rice

Average List Price at Closing

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Data from the





5 YEAR MARKET ACTIVITY TRENDS 5yr JUN AVG = 169K 3 MONTHS

AVERAGE LIST PRICE OF CLOSED SALES & BEDROOMS DISTRIBUTION BY PRICE

High

LowJun 2014 = 181,809

Jan 2010 = 138,948

Average LPrice thismonth atabove the 5 yr JUNaverage of

181,809,

168,649

APR

MAY

JUN

Distribution of Average List Price at Closing by Price Range % AVL$ 2 Beds 3 Beds 4 Beds 5 Beds+

2010

159,725

2011

161,386

2012

165,815

2013

174,511

2014

181,809

1 Year

2 Year+4.18%

+9.65%

2010

148,932

2011

153,657

2012

156,671

2013

166,598

2014

168,615

1 Year

2 Year+1.21%

+7.62%

165,970

173,2344.38%

181,8094.95%

405 8.92% 32,424 32,205 34,672 33,941 21,750$50,000and less

323 7.12% 65,094 69,485 66,763 68,807 77,867$50,001$75,000

908 20.01% 102,247 101,533 106,002 108,046 104,340$75,001$125,000

628 13.84% 138,444 140,809 140,483 146,185 141,633$125,001$150,000

1,223 26.95% 183,360 185,743 183,843 190,932 193,120$150,001$225,000

537 11.83% 260,371 263,279 262,859 264,675 262,573$225,001$300,000

514 11.33% 480,623 511,770 410,075 474,811 598,140$300,001and up

200,000

100,000

0Jun 2010 Dec 2010Jun 2011 Dec 2011Jun 2012 Dec 2012Jun 2013 Dec 2013

Average List Price:Total Closed Units:Total List Volume:

$181,8094,538

825,048,813

$129,861809

105.06M

$148,9122498

371.98M

$262,4211081

283.68M

$428,869150

64.33M






June 2014

Averag

e So

ld P

rice

Average Sold Price at Closing

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Data from the





5 YEAR MARKET ACTIVITY TRENDS 5yr JUN AVG = 163K 3 MONTHS

AVERAGE SOLD PRICE OF CLOSED SALES & BEDROOMS DISTRIBUTION BY PRICE

High

LowJun 2014 = 176,772

Jan 2010 = 133,317

Average SPrice thismonth atabove the 5 yr JUNaverage of

176,772,

163,294

APR

MAY

JUN

Distribution of Average Sold Price at Closing by Price Range % AVS$ 2 Beds 3 Beds 4 Beds 5 Beds+

2010

154,195

2011

155,399

2012

160,304

2013

169,800

2014

176,772

1 Year

2 Year+4.11%

+10.27%

2010

143,699

2011

147,483

2012

151,096

2013

161,311

2014

163,674

1 Year

2 Year+1.46%

+8.32%

161,345

168,8324.64%

176,7724.70%

419 9.23% 30,172 28,852 31,517 29,550 20,738$50,000and less

353 7.78% 63,914 64,260 63,603 64,148 72,533$50,001$75,000

929 20.47% 102,030 99,097 102,709 104,324 94,400$75,001$125,000

616 13.57% 137,615 136,122 137,673 139,228 137,000$125,001$150,000

1,216 26.80% 182,748 181,582 180,367 187,507 189,095$150,001$225,000

502 11.06% 259,407 259,375 257,437 260,203 263,845$225,001$300,000

503 11.08% 467,172 491,713 398,424 458,158 575,997$300,001and up

200,000

100,000

0Jun 2010 Dec 2010Jun 2011 Dec 2011Jun 2012 Dec 2012Jun 2013 Dec 2013

Average Closed Price:Total Closed Units:Total Closed Volume:

$176,7724,538

802,192,269

$125,415809

101.46M

$145,1572498

362.60M

$255,1371081

275.80M

$415,512150

62.33M






June 2014

Averag

e List/S

ell Price

Average Percent of List Price to Selling Price

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Data from the





5 YEAR MARKET ACTIVITY TRENDS 5yr JUN AVG=96.70% 3 MONTHS

AVERAGE L/S% OF CLOSED SALES & BEDROOMS DISTRIBUTION BY PRICE

High

LowMay 2014 = 97.41%

Jan 2011 = 95.22%

Average List/Sell thismonth atabove the 5 yr JUN

average of

97.33%,

96.70%

APR

MAY

JUN

Distribution of Average L/S % by Price Range % AVL/S% 2 Beds 3 Beds 4 Beds 5 Beds+

2010

96.47%

2011

95.94%

2012

96.80%

2013

96.98%

2014

97.33%

1 Year

2 Year+0.36%

+0.55%

2010

96.41%

2011

95.69%

2012

96.16%

2013

96.63%

2014

96.83%

1 Year

2 Year+0.21%

+0.70%

96.86%

97.41%0.57%

97.33%-0.09%

419 9.23% 94.13% 93.13% 95.83% 88.08% 96.32%$50,000and less

353 7.78% 95.04% 93.04% 96.16% 93.57% 96.21%$50,001$75,000

929 20.47% 97.28% 98.00% 97.06% 97.58% 91.31%$75,001$125,000

616 13.57% 97.66% 96.83% 98.09% 96.17% 96.64%$125,001$150,000

1,216 26.80% 98.20% 97.87% 98.24% 98.27% 97.95%$150,001$225,000

502 11.06% 99.24% 98.58% 98.13% 98.41%112.72%$225,001$300,000

503 11.08% 97.26% 96.48% 97.51% 97.44% 96.68%$300,001and up

98

97

96


Average List/Sell Ratio:Total Closed Units:Total Closed Volume:

97.30%4,538

802,192,269

96.08%809

101.46M

97.49%2498

362.60M

97.51%1081

275.80M

100.08%150

62.33M






June 2014

Market Summary

Data from the


Inventory as of Jul 11, 2014


Inventory Inventory Market Activity Market Activity

New Listings Closed Sales

Pending Sales

Other Off Market

Active Inventory

Start Inventory

Total InventoryUnits

Volume

6,587 = 24.24%

20,585

27,172

$5,649,178,374

4,538 = 14.32%

4,553 = 14.37%

2,060 = 6.50%

20,544 = 64.82%

Absorption:

Active Inventory

3,693

20,544

JUNE Year To Date

2013 2014 +/-% 2013 2014 +/-%

Last 12 months, an Average of Sales/Month

as of June 30, 2014 =

Closed SalesPending SalesNew ListingsAverage List PriceAverage Sale PriceAverage Percent of List Price to Selling PriceAverage Days on Market to SaleMonthly InventoryMonths Supply of Inventory

4,107 4,538 10.49%4,218 4,553 7.94%6,765 6,587 -2.63%

174,511 181,809 4.18%169,800 176,772 4.11%96.98% 97.33% 0.36%

69.48 65.37 -5.91%22,842 20,544 -10.06%

6.48 5.56 -14.11%

21,260 21,718 2.15%23,771 24,822 4.42%38,718 38,570 -0.38%

166,598 168,615 1.21%161,311 163,674 1.46%96.63% 96.83% 0.21%

77.53 74.62 -3.76%22,842 20,544 -10.06%

6.48 5.56 -14.11%

New Listings Pending Listings List Price Sale Price

Active Inventory Monthly Supply of Inventory % of List to Sale Price Days on Market to Sale

20132014

20132014

20132014

20132014

JUNE MARKET AVERAGE PRICES

INVENTORY AVERAGE L/S% & DOM

6,765

4,218

6,587

-2.63%

4,553

+7.94%

174,511169,800

181,809

+4.18%

176,772

+4.11%

22,842 6.48

20,544

-10.06%

5.56

-14.11%

96.98%

69.4897.33%

+0.36%

65.37

-5.91%


