August 2014 Housing Sales Statistics

Monthly Inventory AnalysisData from the OKLAHOMA ASSOCIATION OF REALTORS®

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

August 2014

Report Produced on: Sep 17, 2014

Absorption:

Active Inventory

3,654

20,561

AUGUST Market Activity

2013 2014 +/-%

Last 12 months, an Average of Sales/Month

as of August 31, 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

4,293 4,287 -0.14%3,977 4,238 6.56%6,307 6,270 -0.59%

176,853 177,847 0.56%170,532 172,910 1.39%96.73% 96.87% 0.15%

72.44 65.52 -9.55%23,233 20,561 -11.50%

6.52 5.63 -13.63%

Analysis Wrap-Up What's in this Issue

Real Estate is Local

Closed (13.62%)Pending (13.46%)Other OffMarket (7.62%)Active (65.31%)

Months Supply of Inventory (MSI) Decreases

The total housing inventory at the end of August 2014decreased 11.50% to 20,561 existing homes available for sale.Over the last 12 months this area has had an average of 3,654closed sales per month. This represents an unsold inventoryindex of 5.63 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 1.39% in August2014 to $172,910 versus the previous year at $170,532.

Average Days on Market Shortens

The average number of 65.52 days that homes spent on themarket before selling decreased by 6.92 days or 9.55% inAugust 2014 compared to last year’s same month at 72.44DOM.

Sales Success for August 2014 is Positive

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

There were 6,270 New Listings in August 2014, down 0.59%from last year at 6,307. Furthermore, there were 4,287 ClosedListings this month versus last year at 4,293, a -0.14%decrease.

Closed versus Listed trends yielded a 68.4% ratio, up from lastyear’s August 2014 at 68.1%, a 0.45% 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®

August 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 Sep 13, 2014


AUGUST YEAR TO DATE (YTD)

5 YEAR MARKET ACTIVITY TRENDS 5yr AUG AVG = 3,806 3 MONTHS

CLOSED LISTINGS & BEDROOMS DISTRIBUTION BY PRICE

High

LowJul 2013 = 4,605

Jan 2010 = 1,702

Closed Listings thismonth atabove the 5 yr AUGaverage of

4,287,

3,806

JUN

JUL

AUG

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

2010

2,940

2011

3,436

2012

4,076

2013

4,293

2014

4,287

1 Year

2 Year-0.14%

+5.18%

2010

24,372

2011

23,535

2012

27,751

2013

29,955

2014

30,364

1 Year

2 Year+1.37%

+9.42%

4,556

4,462-2.06%

4,287-3.92%

422 9.84% 81.5 184 205 32 1$50,000and less

337 7.86% 75.1 123 188 21 5$50,001$75,000

403 9.40% 67.2 112 251 35 5$75,001$100,000

1,086 25.33% 54.9 174 780 126 6$100,001$150,000

1,093 25.50% 62.3 124 651 295 23$150,001$225,000

520 12.13% 64.4 50 187 248 35$225,001$300,000

426 9.94% 77.0 42 98 228 58$300,001and up

5,000

4,000

3,000

2,000

1,000

0Jun 2010 Dec 2010Jun 2011 Dec 2011Jun 2012 Dec 2012Jun 2013 Dec 2013Jun 2014

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

4,287741,265,811

$172,910

65.5 80997.47M

$120,487

2360347.54M

$147,265

985245.08M

$248,815

13351.16M

$384,696

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]




August 2014

Pen

din

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Pending Listings

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Data from the


Pending Listings as of Sep 13, 2014




PENDING LISTINGS & BEDROOMS DISTRIBUTION BY PRICE

High

LowApr 2010 = 4,901

Dec 2010 = 2,021

Pending Listings thismonth atabove the 5 yr AUGaverage of

4,238,

3,580

JUN

JUL

AUG

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

2010

2,827

2011

3,344

2012

3,514

2013

3,977

2014

4,238

1 Year

2 Year+6.56%

+20.60%

2010

25,153

2011

24,900

2012

29,325

2013

31,617

2014

32,940

1 Year

2 Year+4.18%

+12.33%

4,383

4,357-0.59%

4,238-2.73%

425 10.03% 64.2 177 216 28 4$50,000and less

338 7.98% 72.6 105 205 25 3$50,001$75,000

468 11.04% 66.7 111 320 34 3$75,001$100,000

1,045 24.66% 53.5 184 731 123 7$100,001$150,000

811 19.14% 52.2 102 488 210 11$150,001$200,000

705 16.64% 65.7 86 314 288 17$200,001$300,000

446 10.52% 80.6 36 113 248 49$300,001and up

5,000

4,000

3,000

2,000

1,000


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

4,238739,695,774

$166,762

64.6 80198.88M

$123,451

2387350.11M

$146,674

956252.50M

$264,125

9438.20M

$406,352






August 2014

New

Listin

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New Listings

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Data from the


New Listings as of Sep 13, 2014




NEW LISTINGS & BEDROOMS DISTRIBUTION BY PRICE

High

LowApr 2010 = 7,754

Dec 2013 = 3,438

New Listings thismonth atabove the 5 yr AUGaverage of

6,270,

6,111

JUN

JUL

AUG

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

2010

5,979

2011

5,815

2012

6,185

2013

6,307

2014

6,270

1 Year

2 Year-0.59%

+1.37%

2010

49,095

2011

48,106

2012

50,570

2013

51,696

2014

51,250

1 Year

2 Year-0.86%

+1.34%

6,562

6,7422.74%

6,270-7.00%

547 8.72% 260 255 25 7$50,000and less

534 8.52% 189 304 37 4$50,001$75,000

1,282 20.45% 292 865 116 9$75,001$125,000

1,413 22.54% 224 930 243 16$125,001$175,000

910 14.51% 119 508 262 21$175,001$225,000

861 13.73% 99 319 386 57$225,001$325,000

723 11.53% 62 167 380 114$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:

6,2701,198,594,588

$161,085

1245166.62M

$133,833

3348519.52M

$155,172

1449405.14M

$279,600

228107.31M

$470,676






August 2014

Active In

vento

ry

Active Inventory

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Data from the


Active Inventory as of Sep 13, 2014


END OF AUGUST ACTIVE DURING AUGUST


INVENTORY & BEDROOMS DISTRIBUTION BY PRICE

High

LowJul 2011 = 26,358

Feb 2014 = 19,691

Inventory thismonth atbelow the 5 yr AUGaverage of

20,561,

23,949

JUN

JUL

AUG

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

2010

25,658

2011

26,225

2012

24,086

2013

23,217

2014

20,5611 Year

2 Year-11.44%

-14.64%

2010

30,905

2011

32,132

2012

30,121

2013

29,472

2014

27,2061 Year

2 Year-7.69%

-9.68%

20,866

20,9440.37%

20,561-1.83%

1,699 8.26% 122.6 891 713 81 14$50,000and less

2,080 10.12% 120.3 829 1,104 130 17$50,001$75,000

2,285 11.11% 111.7 628 1,407 222 28$75,001$100,000

5,670 27.58% 95.4 1,101 3,558 910 101$100,001$175,000

3,687 17.93% 96.3 596 1,777 1,205 109$175,001$250,000

2,757 13.41% 107.8 373 850 1,290 244$250,001$375,000

2,383 11.59% 118.9 271 467 1,168 477$375,001and up

30,000

20,000

10,000


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

20,5614,449,229,714

$216,392

106.5 4,689748.91M

$159,716

9,8761.63B

$165,221

5,0061.54B

$308,175

990525.88M

$531,190






August 2014

Mo

nth

s Su

pp

ly

Months Supply of Inventory

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Data from the


Active Inventory as of Sep 13, 2014


MSI FOR AUGUST INDICATORS FOR AUGUST 2014

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

MONTHS SUPPLY & BEDROOMS DISTRIBUTION BY PRICE

High

LowJun 2011 = 9.6

Feb 2014 = 5.4

Months Supply thismonth atbelow the 5 yr AUGaverage of

5.6,

7.4

JUN

JUL

AUG

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

2010

8.2

2011

9.4

2012

7.4

2013

6.5

2014

5.61 Year

2 Year-13.57%

-23.70%

Inventory

20,561

End ofMonthActive

Inventory

Closed

43,843

ClosedLast12

Months

Absorption

3,654Average

Closed perMonth over12 Months

MSI

5.6

MonthsSupply

ofInventory

MSI %

17.769%

PercentMonths

Supply ofInventory

5.7

5.70.70%

5.6-1.82%

1,699 8.26% 4.0 4.8 3.5 2.8 3.9$50,000and less

2,080 10.12% 6.6 7.9 5.9 6.0 7.8$50,001$75,000

2,285 11.11% 5.9 6.7 5.4 6.7 7.8$75,001$100,000

5,670 27.58% 4.4 5.4 4.0 4.6 7.2$100,001$175,000

3,687 17.93% 5.7 7.2 5.6 5.1 6.4$175,001$250,000

2,757 13.41% 7.0 9.9 7.0 6.3 8.3$250,001$375,000

2,383 11.59% 13.1 20.1 13.2 12.1 13.2$375,001and up

109876543210

Jun 2010 Dec 2010 Jun 2011 Dec 2011 Jun 2012 Dec 2012 Jun 2013 Dec 2013 Jun 2014

MSI:Total Active Inventory: 20,561

5.6 6.54,689

4.99,876

6.15,006

9.3990






August 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 AUG AVG = 75 3 MONTHS

AVERAGE DOM OF CLOSED SALES & BEDROOMS DISTRIBUTION BY PRICE

High

LowMar 2011 = 97

Jun 2014 = 65

Average DOM thismonth atbelow the 5 yr AUGaverage of

66,

75

JUN

JUL

AUG

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

2010

78

2011

81

2012

77

2013

72

2014

661 Year

2 Year-9.55%

-14.53%

2010

78

2011

89

2012

83

2013

75

2014

721 Year

2 Year-4.49%

-13.37%

65

661.26%

66-0.75%

422 9.84% 81.5 76.8 85.3 84.3 86.0$50,000and less

337 7.86% 75.1 78.7 71.4 87.9 74.0$50,001$75,000

403 9.40% 67.2 82.2 62.8 53.6 49.8$75,001$100,000

1,086 25.33% 54.9 54.2 55.2 52.9 88.2$100,001$150,000

1,093 25.50% 62.3 80.5 59.1 60.0 87.7$150,001$225,000

520 12.13% 64.4 72.9 57.0 64.5 90.9$225,001$300,000

426 9.94% 77.0 124.9 64.2 74.8 72.5$300,001and up

1009080706050403020100

Jun 2010 Dec 2010 Jun 2011 Dec 2011 Jun 2012 Dec 2012 Jun 2013 Dec 2013 Jun 2014

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

65.54,287

741,265,811

75.8809

97.47M

61.52360

347.54M

64.8985

245.08M

80.0133

51.16M






August 2014

Averag

e List P

rice

Average List Price at Closing

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Data from the





5 YEAR MARKET ACTIVITY TRENDS 5yr AUG AVG = 168K 3 MONTHS

AVERAGE LIST PRICE OF CLOSED SALES & BEDROOMS DISTRIBUTION BY PRICE

High

LowJun 2014 = 182,368

Jan 2010 = 139,364

Average LPrice thismonth atabove the 5 yr AUGaverage of

177,847,

167,968

JUN

JUL

AUG

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

2010

156,307

2011

160,315

2012

168,520

2013

176,853

2014

177,847

1 Year

2 Year+0.56%

+5.54%

2010

151,607

2011

156,398

2012

159,838

2013

170,012

2014

172,142

1 Year

2 Year+1.25%

+7.70%

182,368

181,547-0.45%

177,847-2.04%

387 9.03% 34,171 34,120 37,658 39,848 39,900$50,000and less

326 7.60% 64,716 67,375 68,566 69,188 71,200$50,001$75,000

415 9.68% 89,364 91,392 91,894 95,499 98,301$75,001$100,000

1,068 24.91% 128,817 129,159 130,400 133,925 136,730$100,001$150,000

1,099 25.64% 183,675 188,789 185,033 191,388 186,391$150,001$225,000

556 12.97% 260,081 260,631 262,293 264,163 270,484$225,001$300,000

436 10.17% 474,732 421,233 423,261 466,036 655,445$300,001and up

200,000

100,000

0Jun 2010Dec 2010Jun 2011Dec 2011Jun 2012Dec 2012Jun 2013Dec 2013Jun 2014

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

$177,8474,287

762,431,400

$125,350809

101.41M

$151,0062360

356.37M

$254,998985

251.17M

$402,087133

53.48M






August 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 AUG AVG = 162K 3 MONTHS

AVERAGE SOLD PRICE OF CLOSED SALES & BEDROOMS DISTRIBUTION BY PRICE

High

LowJun 2014 = 177,332

Jan 2010 = 133,744

Average SPrice thismonth atabove the 5 yr AUGaverage of

172,910,

162,171

JUN

JUL

AUG

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

2010

150,338

2011

154,453

2012

162,619

2013

170,532

2014

172,910

1 Year

2 Year+1.39%

+6.33%

2010

146,181

2011

150,297

2012

154,187

2013

164,635

2014

167,180

1 Year

2 Year+1.55%

+8.43%

177,332

176,551-0.44%

172,910-2.06%

422 9.84% 32,812 30,731 33,868 37,913 36,000$50,000and less

337 7.86% 64,293 62,968 65,203 64,039 63,750$50,001$75,000

403 9.40% 88,448 87,359 88,598 90,706 89,520$75,001$100,000

1,086 25.33% 127,195 124,919 127,286 129,612 130,546$100,001$150,000

1,093 25.50% 183,380 183,654 181,596 187,255 182,715$150,001$225,000

520 12.13% 258,864 254,454 257,284 259,905 266,229$225,001$300,000

426 9.94% 462,278 406,158 413,173 453,168 621,699$300,001and up

200,000

100,000

0Jun 2010Dec 2010Jun 2011Dec 2011Jun 2012Dec 2012Jun 2013Dec 2013Jun 2014

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

$172,9104,287

741,265,811

$120,487809

97.47M

$147,2652360

347.54M

$248,815985

245.08M

$384,696133

51.16M






August 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 AUG AVG=96.38% 3 MONTHS

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

High

LowMay 2014 = 97.08%

Jan 2011 = 95.25%

Average List/Sell thismonth atabove the 5 yr AUG

average of

96.87%,

96.38%

JUN

JUL

AUG

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

2010

95.60%

2011

96.24%

2012

96.45%

2013

96.73%

2014

96.87%

1 Year

2 Year+0.15%

+0.44%

2010

96.28%

2011

95.87%

2012

96.30%

2013

96.73%

2014

96.75%

1 Year

2 Year+0.02%

+0.46%

97.00%

96.88%-0.13%

96.87%-0.01%

422 9.84% 91.10% 90.04% 91.19% 96.60% 90.23%$50,000and less

337 7.86% 95.17% 94.50% 95.78% 94.54% 90.83%$50,001$75,000

403 9.40% 96.42% 95.91% 96.86% 95.50% 91.92%$75,001$100,000

1,086 25.33% 97.56% 96.93% 97.82% 96.93% 95.52%$100,001$150,000

1,093 25.50% 98.08% 97.45% 98.23% 98.00% 98.17%$150,001$225,000

520 12.13% 98.29% 97.71% 98.16% 98.47% 98.48%$225,001$300,000

426 9.94% 97.82% 96.62%100.04% 97.61% 95.77%$300,001and up

98

97

96

95Jun 2010 Dec 2010 Jun 2011 Dec 2011 Jun 2012 Dec 2012 Jun 2013 Dec 2013 Jun 2014

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

96.90%4,287

741,265,811

94.97%809

97.47M

97.21%2360

347.54M

97.69%985

245.08M

96.52%133

51.16M






August 2014

Market Summary

Data from the


Inventory as of Sep 13, 2014


Inventory Inventory Market Activity Market Activity

New Listings Closed Sales

Pending Sales

Other Off Market

Active Inventory

Start Inventory

Total InventoryUnits

Volume

6,270 = 23.04%

20,947

27,217

$5,696,030,383

4,287 = 13.62%

4,238 = 13.46%

2,398 = 7.62%

20,561 = 65.31%

Absorption:

Active Inventory

3,654

20,561

AUGUST Year To Date

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

Last 12 months, an Average of Sales/Month

as of August 31, 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

4,293 4,287 -0.14%3,977 4,238 6.56%6,307 6,270 -0.59%

176,853 177,847 0.56%170,532 172,910 1.39%96.73% 96.87% 0.15%

72.44 65.52 -9.55%23,233 20,561 -11.50%

6.52 5.63 -13.63%

29,955 30,364 1.37%31,617 32,940 4.18%51,696 51,250 -0.86%

170,012 172,142 1.25%164,635 167,180 1.55%96.73% 96.75% 0.02%

74.90 71.54 -4.49%23,233 20,561 -11.50%

6.52 5.63 -13.63%

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

AUGUST MARKET AVERAGE PRICES

INVENTORY AVERAGE L/S% & DOM

6,307

3,977

6,270

-0.59%

4,238

+6.56%

176,853

170,532

177,847

+0.56%

172,910

+1.39%

23,233 6.52

20,561

-11.50%

5.63

-13.63%

96.73%

72.4496.87%

+0.15%

65.52

-9.55%




August 2014 Housing Sales Statistics

Real Estate

Transcript of August 2014 Housing Sales Statistics