April 2014 Housing Sales Statistics

Monthly Inventory AnalysisData from the OKLAHOMA ASSOCIATION OF REALTORS®

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

April 2014

Report Produced on: May 12, 2014

Absorption:

Active Inventory

3,627

19,538

APRIL Market Activity

2013 2014 +/-%

Last 12 months, an Average of Sales/Month

as of April 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

3,979 3,718 -6.56%4,319 4,988 15.49%7,086 7,279 2.72%

164,682 166,208 0.93%159,310 161,328 1.27%96.54% 96.62% 0.09%

79.62 75.44 -5.25%21,715 19,538 -10.03%

6.21 5.39 -13.29%

Analysis Wrap-Up What's in this Issue

Real Estate is Local

Closed (12.10%)Pending (16.23%)Other OffMarket (8.10%)Active (63.57%)

Months Supply of Inventory (MSI) Decreases

The total housing inventory at the end of April 2014 decreased10.03% to 19,538 existing homes available for sale. Over thelast 12 months this area has had an average of 3,627 closedsales per month. This represents an unsold inventory index of5.39 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 1.27% in April 2014to $161,328 versus the previous year at $159,310.

Average Days on Market Shortens

The average number of 75.44 days that homes spent on themarket before selling decreased by 4.18 days or 5.25% in April2014 compared to last year’s same month at 79.62 DOM.

Sales Success for April 2014 is Positive

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

There were 7,279 New Listings in April 2014, up 2.72% fromlast year at 7,086. Furthermore, there were 3,718 ClosedListings this month versus last year at 3,979, a -6.56%decrease.

Closed versus Listed trends yielded a 51.1% ratio, down fromlast year’s April 2014 at 56.2%, a 9.04% downswing. 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®

April 2014

Clo

sed L

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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 May 12, 2014


APRIL YEAR TO DATE (YTD)

5 YEAR MARKET ACTIVITY TRENDS 5yr APR AVG = 3,652 3 MONTHS

CLOSED LISTINGS & BEDROOMS DISTRIBUTION BY PRICE

High

LowJul 2013 = 4,634

Jan 2010 = 1,720

Closed Listings thismonth atabove the 5 yr APRaverage of

3,718,

3,652

FEB

MAR

APR

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

2010

3,884

2011

3,192

2012

3,489

2013

3,979

2014

3,718

1 Year

2 Year-6.56%

+6.56%

2010

11,102

2011

10,043

2012

11,966

2013

12,945

2014

12,629

1 Year

2 Year-2.44%

+5.54%

2,748

3,63932.42%

3,7182.17%

144 3.87% 107.2 78 55 10 1$25,000and less

658 17.70% 84.1 239 366 47 6$25,001$75,000

377 10.14% 73.7 71 262 40 4$75,001$100,000

949 25.52% 64.8 150 667 127 5$100,001$150,000

678 18.24% 71.5 99 405 165 9$150,001$200,000

477 12.83% 81.9 61 195 203 18$200,001$275,000

435 11.70% 75.7 30 112 226 67$275,001and 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:

3,718599,816,637

$161,328

75.4 72880.10M

$110,031

2062284.77M

$138,106

818191.81M

$234,487

11043.13M

$392,085

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]




April 2014

Pen

din

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Pending Listings

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Data from the


Pending Listings as of May 12, 2014




PENDING LISTINGS & BEDROOMS DISTRIBUTION BY PRICE

High

LowApr 2014 = 4,988

Dec 2010 = 2,050

Pending Listings thismonth atabove the 5 yr APRaverage of

4,988,

4,325

FEB

MAR

APR

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

2010

4,938

2011

3,361

2012

4,019

2013

4,319

2014

4,988

1 Year

2 Year+15.49%

+24.11%

2010

14,466

2011

11,810

2012

14,401

2013

15,400

2014

15,942

1 Year

2 Year+3.52%

+10.70%

3,405

4,19523.20%

4,98818.90%

490 9.82% 70.0 218 235 34 3$50,000and less

406 8.14% 76.7 143 229 28 6$50,001$75,000

561 11.25% 69.8 140 353 60 8$75,001$100,000

1,229 24.64% 52.2 204 867 151 7$100,001$150,000

976 19.57% 57.3 121 580 264 11$150,001$200,000

822 16.48% 62.9 99 308 390 25$200,001$300,000

504 10.10% 69.2 42 110 281 71$300,001and up

5,000

4,000

3,000

2,000

1,000


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

4,988858,633,264

$154,544

75.5 967118.80M

$122,850

2682388.23M

$144,754

1208305.14M

$252,601

13146.47M

$354,695






April 2014

New

Listin

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New Listings

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Data from the


New Listings as of May 12, 2014




NEW LISTINGS & BEDROOMS DISTRIBUTION BY PRICE

High

LowApr 2010 = 7,795

Dec 2013 = 3,477

New Listings thismonth atabove the 5 yr APRaverage of

7,279,

7,165

FEB

MAR

APR

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

2010

7,795

2011

6,776

2012

6,890

2013

7,086

2014

7,279

1 Year

2 Year+2.72%

+5.65%

2010

25,768

2011

23,567

2012

25,471

2013

25,219

2014

24,987

1 Year

2 Year-0.92%

-1.90%

5,227

6,58425.96%

7,27910.56%

629 8.64% 320 273 33 3$50,000and less

615 8.45% 222 355 30 8$50,001$75,000

1,517 20.84% 359 1,010 134 14$75,001$125,000

1,607 22.08% 243 1,097 249 18$125,001$175,000

970 13.33% 132 488 333 17$175,001$225,000

1,214 16.68% 142 413 590 69$225,001$350,000

727 9.99% 72 159 356 140$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:

7,2791,443,649,653

$164,372

1490203.66M

$136,683

3795596.56M

$157,196

1725495.84M

$287,441

269147.60M

$548,690






April 2014

Active In

vento

ry

Active Inventory

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Data from the


Active Inventory as of May 12, 2014


END OF APRIL ACTIVE DURING APRIL


INVENTORY & BEDROOMS DISTRIBUTION BY PRICE

High

LowJul 2011 = 26,781

Apr 2014 = 19,538

Inventory thismonth atbelow the 5 yr APRaverage of

19,538,

22,421

FEB

MAR

APR

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

2010

22,231

2011

24,933

2012

23,706

2013

21,697

2014

19,5381 Year

2 Year-9.95%

-17.58%

2010

29,207

2011

30,826

2012

30,029

2013

28,147

2014

27,0181 Year

2 Year-4.01%

-10.03%

19,741

19,7550.07%

19,538-1.10%

1,774 9.08% 121.9 904 763 99 8$50,000and less

2,034 10.41% 115.9 790 1,096 136 12$50,001$75,000

2,227 11.40% 107.6 661 1,345 200 21$75,001$100,000

5,302 27.14% 96.7 974 3,439 805 84$100,001$175,000

3,519 18.01% 100.1 559 1,696 1,155 109$175,001$250,000

2,494 12.76% 104.3 321 792 1,165 216$250,001$375,000

2,188 11.20% 117.0 243 461 1,035 449$375,001and up

30,000

20,000

10,000


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

19,5384,117,362,750

$210,736

106.1 4,452650.99M

$146,224

9,5921.57B

$163,963

4,5951.40B

$305,022

899492.07M

$547,348






April 2014

Mo

nth

s Su

pp

ly

Months Supply of Inventory

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Data from the


Active Inventory as of May 12, 2014


MSI FOR APRIL INDICATORS FOR APRIL 2014

5 YEAR MARKET ACTIVITY TRENDS 5yr APR AVG = 7.0 3 MONTHS

MONTHS SUPPLY & BEDROOMS DISTRIBUTION BY PRICE

High

LowJun 2011 = 9.7

Apr 2014 = 5.4

Months Supply thismonth atbelow the 5 yr APRaverage of

5.4,

7.0

FEB

MAR

APR

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

2010

6.8

2011

8.9

2012

7.6

2013

6.2

2014

5.41 Year

2 Year-13.22%

-29.45%

Inventory

19,538

End ofMonthActive

Inventory

Closed

43,527

ClosedLast12

Months

Absorption

3,627Average

Closed perMonth over12 Months

MSI

5.4

MonthsSupply

ofInventory

MSI %

18.565%

PercentMonths

Supply ofInventory

5.4

5.40.19%

5.4-0.51%

1,774 9.08% 4.2 4.9 3.7 3.8 2.0$50,000and less

2,034 10.41% 6.3 7.8 5.7 5.6 5.0$50,001$75,000

2,227 11.40% 5.7 7.2 5.1 5.6 7.4$75,001$100,000

5,302 27.14% 4.1 4.7 3.9 4.1 7.0$100,001$175,000

3,519 18.01% 5.4 6.5 5.4 4.9 6.8$175,001$250,000

2,494 12.76% 6.7 9.1 7.0 5.9 8.0$250,001$375,000

2,188 11.20% 12.8 19.6 13.8 11.4 13.0$375,001and up

109876543210

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

MSI:Total Active Inventory: 19,538

5.4 6.24,452

4.89,592

5.74,595

9.1899






April 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 APR AVG = 82 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 APRaverage of

75,

82

FEB

MAR

APR

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

2010

74

2011

96

2012

84

2013

80

2014

75

1 Year

2 Year-5.25%

-10.09%

2010

80

2011

96

2012

90

2013

82

2014

81

1 Year

2 Year-1.92%

-10.62%

85

80-5.59%

75-6.13%

144 3.87% 107.2 116.8 97.0 71.1 278.0$25,000and less

658 17.70% 84.1 106.7 70.6 76.9 60.2$25,001$75,000

377 10.14% 73.7 70.8 72.8 90.1 16.5$75,001$100,000

949 25.52% 64.8 71.8 63.7 61.2 106.0$100,001$150,000

678 18.24% 71.5 85.1 70.3 64.5 103.8$150,001$200,000

477 12.83% 81.9 90.9 71.2 88.3 95.1$200,001$275,000

435 11.70% 75.7 133.3 79.5 68.0 69.4$275,001and 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:

75.43,718

599,816,637

93.9728

80.10M

69.82062

284.77M

72.9818

191.81M

77.5110

43.13M






April 2014

Averag

e List P

rice

Average List Price at Closing

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Data from the





5 YEAR MARKET ACTIVITY TRENDS 5yr APR AVG = 157K 3 MONTHS

AVERAGE LIST PRICE OF CLOSED SALES & BEDROOMS DISTRIBUTION BY PRICE

High

LowJul 2013 = 176,657

Jan 2010 = 139,091

Average LPrice thismonth atabove the 5 yr APRaverage of

166,208,

156,731

FEB

MAR

APR

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

2010

144,920

2011

150,893

2012

156,950

2013

164,682

2014

166,208

1 Year

2 Year+0.93%

+5.90%

2010

144,065

2011

149,138

2012

151,258

2013

162,246

2014

162,417

1 Year

2 Year+0.11%

+7.38%

156,593

166,0746.05%

166,2080.08%

121 3.25% 18,122 20,898 20,397 21,282 13,500$25,000and less

633 17.03% 51,911 53,327 55,436 57,396 54,333$25,001$75,000

394 10.60% 89,283 91,577 91,558 95,895 90,925$75,001$100,000

939 25.26% 128,249 127,027 129,715 136,185 135,880$100,001$150,000

696 18.72% 174,432 177,640 175,483 179,051 185,253$150,001$200,000

473 12.72% 236,289 233,612 236,387 243,887 252,849$200,001$275,000

462 12.43% 420,211 378,882 386,341 418,945 553,661$275,001and up

200,000

100,000


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

$166,2083,718

617,962,542

$114,196728

83.13M

$141,7832062

292.36M

$241,780818

197.78M

$406,331110

44.70M






April 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 APR AVG = 151K 3 MONTHS

AVERAGE SOLD PRICE OF CLOSED SALES & BEDROOMS DISTRIBUTION BY PRICE

High

LowJul 2013 = 171,612

Jan 2010 = 133,454

Average SPrice thismonth atabove the 5 yr APRaverage of

161,328,

151,431

FEB

MAR

APR

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

2010

140,193

2011

144,630

2012

151,696

2013

159,310

2014

161,328

1 Year

2 Year+1.27%

+6.35%

2010

138,861

2011

142,830

2012

145,561

2013

156,870

2014

157,239

1 Year

2 Year+0.24%

+8.02%

151,344

161,1726.49%

161,3280.10%

144 3.87% 17,001 16,824 17,469 16,559 9,500$25,000and less

658 17.70% 51,133 49,517 51,926 53,086 51,848$25,001$75,000

377 10.14% 88,953 88,580 88,738 91,213 87,100$75,001$100,000

949 25.52% 127,003 123,931 126,665 132,080 135,335$100,001$150,000

678 18.24% 173,079 172,801 171,968 175,851 175,300$150,001$200,000

477 12.83% 235,614 228,879 232,413 239,424 250,153$200,001$275,000

435 11.70% 413,623 366,937 375,950 403,135 532,883$275,001and up

200,000

100,000


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

$161,3283,718

599,816,637

$110,031728

80.10M

$138,1062062

284.77M

$234,487818

191.81M

$392,085110

43.13M






April 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 APR AVG=96.40% 3 MONTHS

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

High

LowDec 2013 = 97.06%

Jan 2011 = 95.22%

Average List/Sell thismonth atabove the 5 yr APR

average of

96.62%,

96.40%

FEB

MAR

APR

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

2010

96.71%

2011

95.63%

2012

96.50%

2013

96.54%

2014

96.62%

1 Year

2 Year+0.09%

+0.12%

2010

96.27%

2011

95.51%

2012

95.81%

2013

96.43%

2014

96.39%

1 Year

2 Year-0.04%

+0.60%

96.24%

96.60%0.37%

96.62%0.02%

144 3.87% 85.24% 81.85% 90.73% 82.98% 70.37%$25,000and less

658 17.70% 94.03% 93.34% 94.46% 94.06% 94.75%$25,001$75,000

377 10.14% 97.05% 96.90% 97.34% 95.56% 96.09%$75,001$100,000

949 25.52% 97.72% 97.83% 97.73% 97.43% 99.76%$100,001$150,000

678 18.24% 98.02% 97.48% 98.11% 98.27% 94.97%$150,001$200,000

477 12.83% 98.37% 98.12% 98.45% 98.28% 99.30%$200,001$275,000

435 11.70% 97.44% 97.15% 97.66% 97.44% 97.21%$275,001and up

98

97

96


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

96.60%3,718

599,816,637

94.50%728

80.10M

97.05%2062

284.77M

97.35%818

191.81M

97.07%110

43.13M






April 2014

Market Summary

Data from the


Inventory as of May 12, 2014


Inventory Inventory Market Activity Market Activity

New Listings Closed Sales

Pending Sales

Other Off Market

Active Inventory

Start Inventory

Total InventoryUnits

Volume

7,279 = 26.92%

19,760

27,039

$5,467,711,831

3,718 = 12.10%

4,988 = 16.23%

2,490 = 8.10%

19,538 = 63.57%

Absorption:

Active Inventory

3,627

19,538

APRIL Year To Date

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

Last 12 months, an Average of Sales/Month

as of April 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

3,979 3,718 -6.56%4,319 4,988 15.49%7,086 7,279 2.72%

164,682 166,208 0.93%159,310 161,328 1.27%96.54% 96.62% 0.09%

79.62 75.44 -5.25%21,715 19,538 -10.03%

6.21 5.39 -13.29%

12,945 12,629 -2.44%15,400 15,942 3.52%25,219 24,987 -0.92%

162,246 162,417 0.11%156,870 157,239 0.24%96.43% 96.39% -0.04%

82.11 80.54 -1.92%21,715 19,538 -10.03%

6.21 5.39 -13.29%

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

APRIL MARKET AVERAGE PRICES

INVENTORY AVERAGE L/S% & DOM

7,086

4,319

7,279

+2.72%

4,988

+15.49%

164,682

159,310

166,208

+0.93%

161,328

+1.27%

21,715 6.21

19,538

-10.03%

5.39

-13.29%

96.54%

79.6296.62%

+0.09%

75.44

-5.25%




April 2014 Housing Sales Statistics

Real Estate

Transcript of April 2014 Housing Sales Statistics