october 2013 housing sales statistics

Monthly Inventory AnalysisData from the The Oklahoma Association of REALTORS®

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

October 2013

Report Produced on: Nov 13, 2013

Absorption:

Active Inventory

3,636

21,584

OCTOBER Market Activity

2012 2013 +/-%

Last 12 months, an Average of Sales/Month

as of October 31, 2013 =

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

3,498 3,524 0.74%3,363 3,634 8.06%5,590 5,711 2.16%

162,109 161,535 -0.35%156,558 156,086 -0.30%96.21% 96.18% -0.03%

82.32 76.06 -7.60%23,337 21,584 -7.51%

6.97 5.94 -14.82%

Analysis Wrap-Up What's in this Issue

Real Estate is Local

Closed (11.14%)Pending (11.48%)Other OffMarket (9.18%)Active (68.20%)

Months Supply of Inventory (MSI) Decreases

The total housing inventory at the end of October 2013decreased 7.51% to 21,584 existing homes available for sale.Over the last 12 months this area has had an average of 3,636closed sales per month. This represents an unsold inventoryindex of 5.94 MSI for this period.

Average Sale Prices Falling

According to the preliminary trends, this market area hasexperienced some downward momentum with the decline ofAverage Price this month. Prices dipped 0.30% in October2013 to $156,086 versus the previous year at $156,558.

Average Days on Market Shortens

The average number of 76.06 days that homes spent on themarket before selling decreased by 6.26 days or 7.60% inOctober 2013 compared to last year’s same month at 82.32DOM.

Sales Success for October 2013 is Positive

Overall, with Average Prices falling and Days on Marketdecreasing, the Listed versus Closed Ratio finished weak thismonth.

There were 5,711 New Listings in October 2013, up 2.16%from last year at 5,590. Furthermore, there were 3,524 ClosedListings this month versus last year at 3,498, a 0.74%increase.

Closed versus Listed trends yielded a 61.7% ratio, down fromlast year’s October 2013 at 62.6%, a 1.39% downswing. Thiswill certainly create pressure on a decreasing Month’s Supplyof Inventory (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.

Are You Ready to Buy or Sell Real Estate?

For more information, contact:

Steve Reese - Vice President, [email protected] visit: www.OklahomaRealtors.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 The Oklahoma Association ofREALTORS®

October 2013

Closed L

istings

Closed Listings

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Data from the

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

Closed Sales as of Nov 12, 2013


OCTOBER YEAR TO DATE (YTD)

5 YEAR MARKET ACTIVITY TRENDS 5yr OCT AVG = 3,197 3 MONTHS

CLOSED LISTINGS & BEDROOMS DISTRIBUTION BY PRICE

High

LowJul 2013 = 4,617

Jan 2010 = 1,719

Closed Listings thismonth atabove the 5 yr OCTaverage of

3,524,

3,197

AUG

SEP

OCT

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

2009

3,628

2010

2,501

2011

2,833

2012

3,498

2013

3,524

1 Year

2 Year+0.74%

+24.39%

2009

32,251

2010

29,781

2011

29,816

2012

34,681

2013

37,375

1 Year

2 Year+7.77%

+25.35%

4,321

3,704-14.28%

3,524-4.86%

141 4.00% 86.9 73 55 11 2$25,000and less

660 18.73% 74.7 216 401 41 2$25,001$75,000

413 11.72% 82.0 91 288 30 4$75,001$100,000

851 24.15% 69.0 168 588 88 7$100,001$150,000

625 17.74% 71.9 98 345 170 12$150,001$200,000

460 13.05% 75.5 58 187 191 24$200,001$275,000

374 10.61% 91.8 30 106 191 47$275,001and up

5,000

4,000

3,000

2,000

1,000

0Jun 2009Dec 2009Jun 2010Dec 2010Jun 2011Dec 2011Jun 2012Dec 2012Jun 2013

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

3,524550,046,038

$156,086

76.1 73482.79M

$112,796

1970262.40M

$133,197

722170.36M

$235,959

9834.49M

$351,980

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

Steve Reese 405-848-9944 [email protected]



October 2013

Pending L

istings

Pending Listings

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Data from the


Pending Listings as of Nov 12, 2013




PENDING LISTINGS & BEDROOMS DISTRIBUTION BY PRICE

High

LowApr 2010 = 4,937

Dec 2009 = 2,022

Pending Listings thismonth atabove the 5 yr OCTaverage of

3,634,

3,085

AUG

SEP

OCT

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

2009

3,401

2010

2,282

2011

2,746

2012

3,363

2013

3,634

1 Year

2 Year+8.06%

+32.34%

2009

33,945

2010

30,159

2011

30,790

2012

36,069

2013

39,196

1 Year

2 Year+8.67%

+27.30%

4,094

3,409-16.73%

3,6346.60%

328 9.03% 74.0 159 137 28 4$40,000and less

385 10.59% 68.8 138 223 21 3$40,001$70,000

659 18.13% 78.8 135 463 57 4$70,001$110,000

772 21.24% 72.9 120 532 111 9$110,001$150,000

659 18.13% 73.6 71 384 183 21$150,001$200,000

469 12.91% 77.9 53 198 204 14$200,001$280,000

362 9.96% 81.8 29 89 185 59$280,001and up

5,000

4,000

3,000

2,000

1,000


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

3,634580,416,643

$142,507

82.7 70576.51M

$108,531

2026276.36M

$136,408

789180.22M

$228,411

11447.32M

$415,110





October 2013

New

Listings

New Listings

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Data from the


New Listings as of Nov 12, 2013




NEW LISTINGS & BEDROOMS DISTRIBUTION BY PRICE

High

LowApr 2010 = 7,793

Dec 2012 = 3,698

New Listings thismonth atabove the 5 yr OCTaverage of

5,711,

5,401

AUG

SEP

OCT

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

2009

5,114

2010

5,276

2011

5,314

2012

5,590

2013

5,711

1 Year

2 Year+2.16%

+7.47%

2009

56,973

2010

59,913

2011

59,424

2012

62,052

2013

63,342

1 Year

2 Year+2.08%

+6.59%

6,359

5,471-13.96%

5,7114.39%

176 3.08% 86 79 8 3$25,000and less

987 17.28% 413 493 69 12$25,001$75,000

657 11.50% 174 412 65 6$75,001$100,000

1,294 22.66% 215 896 172 11$100,001$150,000

1,285 22.50% 164 730 367 24$150,001$225,000

699 12.24% 69 281 307 42$225,001$325,000

613 10.73% 71 139 309 94$325,001and 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:

5,7111,058,138,559

$161,378

1192152.89M

$128,260

3030461.17M

$152,200

1297356.94M

$275,203

19287.15M

$453,893





October 2013

Active Inventory

Active Inventory

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Data from the


Active Inventory as of Nov 12, 2013


END OF OCTOBER ACTIVE DURING OCTOBER


INVENTORY & BEDROOMS DISTRIBUTION BY PRICE

High

LowJul 2011 = 26,759

Dec 2009 = 19,798

Inventory thismonth atbelow the 5 yr OCTaverage of

21,584,

23,269

AUG

SEP

OCT

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

2009

20,744

2010

25,224

2011

25,467

2012

23,325

2013

21,584

1 Year

2 Year-7.46%

-15.25%

2009

26,548

2010

30,770

2011

31,325

2012

29,543

2013

28,126

1 Year

2 Year-4.80%

-10.21%

22,933

22,426-2.21%

21,584-3.75%

2,064 9.56% 118.4 1,068 868 113 15$50,000and less

2,233 10.35% 119.1 869 1,194 152 18$50,001$75,000

2,586 11.98% 111.4 728 1,606 229 23$75,001$100,000

6,403 29.67% 102.6 1,167 4,058 1,080 98$100,001$175,000

2,686 12.44% 103.8 416 1,348 857 65$175,001$225,000

3,473 16.09% 112.3 473 1,176 1,568 256$225,001$375,000

2,139 9.91% 119.7 216 440 977 506$375,001and up

30,000

20,000

10,000


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

21,5844,336,562,787

$200,916

110.3 4,937680.65M

$137,868

10,6901.68B

$157,143

4,9761.44B

$289,202

981536.98M

$547,382





October 2013

Months Supply

Months Supply of Inventory

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Data from the


Active Inventory as of Nov 12, 2013


MSI FOR OCTOBER INDICATORS FOR OCTOBER 2013

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

MONTHS SUPPLY & BEDROOMS DISTRIBUTION BY PRICE

High

LowJun 2011 = 9.7

Oct 2013 = 5.9

Months Supply thismonth atbelow the 5 yr OCTaverage of

5.9,

7.4

AUG

SEP

OCT

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

2009

6.7

2010

8.5

2011

8.8

2012

7.0

2013

5.91 Year

2 Year-14.78%

-32.67%

Inventory

21,584

End ofMonthActive

Inventory

Closed

43,634

ClosedLast12

Months

Absorption

3,636Average

Closed perMonth over12 Months

MSI

5.9

MonthsSupply

ofInventory

MSI %

16.847%

PercentMonths

Supply ofInventory

6.4

6.2-3.35%

5.9-3.81%

2,064 9.56% 4.8 5.7 4.1 4.3 4.0$50,000and less

2,797 12.96% 7.0 8.8 6.2 6.4 7.3$50,001$80,000

2,745 12.72% 6.0 6.6 5.7 6.6 8.7$80,001$110,000

5,310 24.60% 4.9 5.4 4.5 5.4 12.0$110,001$170,000

3,620 16.77% 5.5 6.4 5.5 5.1 5.4$170,001$240,000

2,834 13.13% 6.8 8.4 7.1 6.1 8.2$240,001$370,000

2,214 10.26% 12.3 17.2 12.8 10.4 15.3$370,001and up

109876543210

Jun 2009 Dec 2009Jun 2010 Dec 2010 Jun 2011 Dec 2011 Jun 2012 Dec 2012 Jun 2013

MSI:Total Active Inventory: 21,584

5.9 6.74,937

5.410,690

6.24,976

10.3981





October 2013

Average D

ays on Market

Average Days on Market to Sale

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Data from the





5 YEAR MARKET ACTIVITY TRENDS 5yr OCT AVG = 83 3 MONTHS

AVERAGE DOM OF CLOSED SALES & BEDROOMS DISTRIBUTION BY PRICE

High

LowMar 2011 = 98

Jul 2013 = 69

Average DOM thismonth atbelow the 5 yr OCTaverage of

76,

83

AUG

SEP

OCT

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

2009

77

2010

90

2011

88

2012

82

2013

761 Year

2 Year-7.60%

-13.29%

2009

83

2010

80

2011

89

2012

83

2013

751 Year

2 Year-9.26%

-15.08%

73

72-1.89%

765.53%

141 4.00% 86.9 96.5 78.8 63.1 92.0$25,000and less

660 18.73% 74.7 80.0 73.6 57.8 47.0$25,001$75,000

413 11.72% 82.0 92.4 77.3 86.8 144.3$75,001$100,000

851 24.15% 69.0 87.0 64.6 63.7 67.6$100,001$150,000

625 17.74% 71.9 94.2 65.7 65.6 154.7$150,001$200,000

460 13.05% 75.5 80.4 76.0 70.2 101.8$200,001$275,000

374 10.61% 91.8 123.6 84.2 95.3 74.5$275,001and up

1009080706050403020100

Jun 2009 Dec 2009Jun 2010 Dec 2010 Jun 2011 Dec 2011 Jun 2012 Dec 2012 Jun 2013

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

76.13,524

550,046,038

88.5734

82.79M

71.01970

262.40M

74.8722

170.36M

93.198

34.49M





October 2013

Average L

ist Price

Average List Price at Closing

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Data from the





5 YEAR MARKET ACTIVITY TRENDS 5yr OCT AVG = 155K 3 MONTHS

AVERAGE LIST PRICE OF CLOSED SALES & BEDROOMS DISTRIBUTION BY PRICE

High

LowAug 2013 = 176,591

Jan 2010 = 139,073

Average LPrice thismonth atabove the 5 yr OCTaverage of

161,535,

155,153

AUG

SEP

OCT

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

2009

145,706

2010

155,343

2011

151,074

2012

162,109

2013

161,535

1 Year

2 Year-0.35%

+6.92%

2009

149,512

2010

152,026

2011

155,478

2012

160,044

2013

168,606

1 Year

2 Year+5.35%

+8.44%

176,591

167,384-5.21%

161,535-3.49%

107 3.04% 17,464 21,127 24,188 18,291 8,750$25,000and less

649 18.42% 52,555 54,566 56,634 51,260 47,500$25,001$75,000

406 11.52% 88,885 93,429 91,846 94,280 98,100$75,001$100,000

876 24.86% 127,747 130,915 129,007 134,020 135,325$100,001$150,000

625 17.74% 175,573 177,641 175,562 180,960 186,500$150,001$200,000

465 13.20% 235,895 238,027 237,618 241,860 243,040$200,001$275,000

396 11.24% 418,822 381,767 373,082 425,405 578,696$275,001and up

200,000

100,000


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

$161,5353,524

569,248,091

$117,836734

86.49M

$137,5121970

270.90M

$242,570722

175.14M

$374,71398

36.72M





October 2013

Average Sold P

rice

Average Sold Price at Closing

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Data from the





5 YEAR MARKET ACTIVITY TRENDS 5yr OCT AVG = 149K 3 MONTHS

AVERAGE SOLD PRICE OF CLOSED SALES & BEDROOMS DISTRIBUTION BY PRICE

High

LowJul 2013 = 171,542

Jan 2010 = 133,432

Average SPrice thismonth atabove the 5 yr OCTaverage of

156,086,

149,500

AUG

SEP

OCT

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

2009

140,837

2010

149,000

2011

145,017

2012

156,558

2013

156,086

1 Year

2 Year-0.30%

+7.63%

2009

144,289

2010

146,473

2011

149,357

2012

154,397

2013

163,240

1 Year

2 Year+5.73%

+9.30%

170,259

162,432-4.60%

156,086-3.91%

141 4.00% 17,465 16,936 18,661 17,182 5,500$25,000and less

660 18.73% 51,748 50,529 52,721 48,593 53,000$25,001$75,000

413 11.72% 88,429 87,932 88,363 90,525 88,725$75,001$100,000

851 24.15% 126,281 126,111 125,900 129,282 124,643$100,001$150,000

625 17.74% 173,774 172,154 172,600 176,919 176,208$150,001$200,000

460 13.05% 233,988 231,128 231,294 236,902 238,701$200,001$275,000

374 10.61% 409,627 372,565 358,052 412,376 538,431$275,001and up

200,000

100,000


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

$156,0863,524

550,046,038

$112,796734

82.79M

$133,1971970

262.40M

$235,959722

170.36M

$351,98098

34.49M





October 2013

Average L

ist/Sell Price

Average Percent of List Price to Selling Price

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Data from the





5 YEAR MARKET ACTIVITY TRENDS 5yr OCT AVG=95.97% 3 MONTHS

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

High

LowJun 2013 = 96.99%

Jan 2011 = 95.22%

Average List/Sell thismonth atabove the 5 yr OCT

average of

96.18%,

95.97%

AUG

SEP

OCT

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

2009

96.66%

2010

95.36%

2011

95.45%

2012

96.21%

2013

96.18%

1 Year

2 Year-0.03%

+0.76%

2009

96.41%

2010

96.15%

2011

95.78%

2012

96.28%

2013

96.62%

1 Year

2 Year+0.35%

+0.88%

96.71%

96.46%-0.27%

96.18%-0.28%

141 4.00% 84.18% 82.22% 85.28% 95.63% 62.83%$25,000and less

660 18.73% 93.58% 92.75% 93.67% 96.18%110.89%$25,001$75,000

413 11.72% 96.15% 94.56% 96.68% 96.46% 91.52%$75,001$100,000

851 24.15% 97.68% 96.60% 98.19% 96.60% 93.71%$100,001$150,000

625 17.74% 98.09% 97.09% 98.57% 97.90% 95.21%$150,001$200,000

460 13.05% 97.75% 97.26% 97.49% 98.01% 98.82%$200,001$275,000

374 10.61% 96.83% 98.05% 96.60% 97.38% 94.32%$275,001and up

97

96

95Jun 2009 Dec 2009Jun 2010 Dec 2010 Jun 2011 Dec 2011 Jun 2012 Dec 2012 Jun 2013

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

96.20%3,524

550,046,038

93.96%734

82.79M

96.60%1970

262.40M

97.44%722

170.36M

95.07%98

34.49M





October 2013

Market Summary

Data from the


Inventory as of Nov 12, 2013


Inventory Inventory Market Activity Market Activity

New Listings Closed Sales

Pending Sales

Other Off Market

Active Inventory

Start Inventory

Total InventoryUnits

Volume

5,711 = 20.29%

22,429

28,140

$5,489,197,620

3,524 = 11.14%

3,634 = 11.48%

2,905 = 9.18%

21,584 = 68.20%

Absorption:

Active Inventory

3,636

21,584

OCTOBER Year To Date

2012 2013 +/-% 2012 2013 +/-%

Last 12 months, an Average of Sales/Month

as of October 31, 2013 =

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

3,498 3,524 0.74%3,363 3,634 8.06%5,590 5,711 2.16%

162,109 161,535 -0.35%156,558 156,086 -0.30%96.21% 96.18% -0.03%

82.32 76.06 -7.60%23,337 21,584 -7.51%

6.97 5.94 -14.82%

34,681 37,375 7.77%36,069 39,196 8.67%62,052 63,342 2.08%

160,044 168,606 5.35%154,397 163,240 5.73%96.28% 96.62% 0.35%

83.00 75.31 -9.26%23,337 21,584 -7.51%

6.97 5.94 -14.82%

New Listings Pending Listings List Price Sale Price

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

20122013

20122013

20122013

20122013

OCTOBER MARKET AVERAGE PRICES

INVENTORY AVERAGE L/S% & DOM

5,590

3,363

5,711

+2.16%

3,634

+8.06%

162,109

156,558

161,535

-0.35%

156,086

-0.30%

23,337 6.97

21,584

-7.51%

5.94

-14.82%

96.21% 82.32

96.18%

-0.03%

76.06

-7.60%


