July 2014 Housing Sales Statistics

Monthly Inventory AnalysisData from the OKLAHOMA ASSOCIATION OF REALTORS®

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

July 2014

Report Produced on: Aug 14, 2014

Absorption:

Active Inventory

3,685

20,749

JULY Market Activity

2013 2014 +/-%

Last 12 months, an Average of Sales/Month

as of July 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

4,638 4,460 -3.84%4,119 4,531 10.00%7,154 6,788 -5.12%

176,700 180,974 2.42%171,665 175,952 2.50%96.97% 96.86% -0.11%

69.04 66.21 -4.10%23,636 20,749 -12.21%

6.60 5.63 -14.64%

Analysis Wrap-Up What's in this Issue

Real Estate is Local

Closed (13.86%)Pending (14.08%)Other OffMarket (7.58%)Active (64.48%)

Months Supply of Inventory (MSI) Decreases

The total housing inventory at the end of July 2014 decreased12.21% to 20,749 existing homes available for sale. Over thelast 12 months this area has had an average of 3,685 closedsales per month. This represents an unsold inventory index of5.63 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 2.50% in July 2014to $175,952 versus the previous year at $171,665.

Average Days on Market Shortens

The average number of 66.21 days that homes spent on themarket before selling decreased by 2.83 days or 4.10% in July2014 compared to last year’s same month at 69.04 DOM.

Sales Success for July 2014 is Positive

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

There were 6,788 New Listings in July 2014, down 5.12% fromlast year at 7,154. Furthermore, there were 4,460 ClosedListings this month versus last year at 4,638, a -3.84%decrease.

Closed versus Listed trends yielded a 65.7% ratio, up from lastyear’s July 2014 at 64.8%, a 1.35% upswing. This will certainlycreate pressure on a decreasing Month’s Supply of 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.

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®

July 2014

Clo

sed L

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Closed Listings

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Data from the

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

Closed Sales as of Aug 08, 2014


JULY YEAR TO DATE (YTD)

5 YEAR MARKET ACTIVITY TRENDS 5yr JUL AVG = 3,835 3 MONTHS

CLOSED LISTINGS & BEDROOMS DISTRIBUTION BY PRICE

High

LowJul 2013 = 4,638

Jan 2010 = 1,722

Closed Listings thismonth atabove the 5 yr JULaverage of

4,460,

3,835

MAY

JUN

JUL

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

2010

2,738

2011

3,372

2012

3,967

2013

4,638

2014

4,460

1 Year

2 Year-3.84%

+12.43%

2010

21,650

2011

20,307

2012

23,880

2013

25,898

2014

26,252

1 Year

2 Year+1.37%

+9.93%

4,492

4,5832.03%

4,460-2.68%

416 9.33% 78.0 199 184 31 2$50,000and less

318 7.13% 91.3 124 172 22 0$50,001$75,000

945 21.19% 62.4 206 648 82 9$75,001$125,000

1,101 24.69% 53.7 160 733 191 17$125,001$175,000

668 14.98% 69.5 94 337 227 10$175,001$225,000

522 11.70% 62.8 63 180 253 26$225,001$300,000

490 10.99% 74.7 47 125 240 78$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 Jun 2014

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

4,460784,747,535

$175,952

66.2 893112.95M

$126,480

2379358.35M

$150,629

1046259.77M

$248,351

14253.68M

$378,033

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]




July 2014

Pen

din

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Pending Listings

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Data from the


Pending Listings as of Aug 08, 2014




PENDING LISTINGS & BEDROOMS DISTRIBUTION BY PRICE

High

LowApr 2010 = 4,943

Dec 2010 = 2,049

Pending Listings thismonth atabove the 5 yr JULaverage of

4,531,

3,769

MAY

JUN

JUL

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

2010

2,913

2011

3,325

2012

3,959

2013

4,119

2014

4,531

1 Year

2 Year+10.00%

+14.45%

2010

22,544

2011

21,764

2012

26,018

2013

27,887

2014

29,184

1 Year

2 Year+4.65%

+12.17%

4,581

4,474-2.34%

4,5311.27%

429 9.47% 67.1 193 201 32 3$50,000and less

367 8.10% 72.1 112 231 19 5$50,001$75,000

484 10.68% 63.0 133 307 40 4$75,001$100,000

1,143 25.23% 51.5 189 808 136 10$100,001$150,000

889 19.62% 61.6 125 534 213 17$150,001$200,000

762 16.82% 68.0 82 312 330 38$200,001$300,000

457 10.09% 77.7 43 108 248 58$300,001and up

5,000

4,000

3,000

2,000

1,000


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

4,531823,944,087

$167,066

65.1 877109.10M

$124,407

2501366.02M

$146,348

1018299.99M

$294,688

13548.83M

$361,707






July 2014

New

Listin

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New Listings

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Data from the


New Listings as of Aug 08, 2014




NEW LISTINGS & BEDROOMS DISTRIBUTION BY PRICE

High

LowApr 2010 = 7,797

Dec 2013 = 3,478

New Listings thismonth atabove the 5 yr JULaverage of

6,788,

6,605

MAY

JUN

JUL

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

2010

6,238

2011

6,415

2012

6,430

2013

7,154

2014

6,788

1 Year

2 Year-5.12%

+5.57%

2010

43,404

2011

42,711

2012

44,874

2013

45,871

2014

45,407

1 Year

2 Year-1.01%

+1.19%

6,930

6,618-4.50%

6,7882.57%

511 7.53% 246 242 16 7$50,000and less

550 8.10% 217 297 31 5$50,001$75,000

1,459 21.49% 314 979 156 10$75,001$125,000

1,523 22.44% 239 1,009 249 26$125,001$175,000

937 13.80% 132 496 292 17$175,001$225,000

999 14.72% 112 371 461 55$225,001$325,000

809 11.92% 84 183 410 132$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:

6,7881,370,193,392

$193,134

1344185.29M

$137,861

3577565.72M

$158,155

1615501.28M

$310,388

252117.91M

$467,893






July 2014

Active In

vento

ry

Active Inventory

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Data from the


Active Inventory as of Aug 08, 2014


END OF JULY ACTIVE DURING JULY


INVENTORY & BEDROOMS DISTRIBUTION BY PRICE

High

LowJul 2011 = 26,786

Jan 2010 = 19,955

Inventory thismonth atbelow the 5 yr JULaverage of

20,749,

24,170

MAY

JUN

JUL

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

2010

25,218

2011

26,786

2012

24,483

2013

23,613

2014

20,7491 Year

2 Year-12.13%

-15.25%

2010

30,528

2011

32,730

2012

30,959

2013

29,938

2014

27,7231 Year

2 Year-7.40%

-10.45%

20,808

20,9520.69%

20,749-0.97%

1,745 8.41% 128.2 907 739 88 11$50,000and less

2,095 10.10% 118.2 829 1,121 129 16$50,001$75,000

2,377 11.46% 110.0 655 1,464 233 25$75,001$100,000

5,689 27.42% 95.0 1,077 3,592 916 104$100,001$175,000

3,661 17.64% 97.5 605 1,766 1,193 97$175,001$250,000

2,755 13.28% 105.6 367 865 1,295 228$250,001$375,000

2,427 11.70% 117.9 276 488 1,187 476$375,001and up

30,000

20,000

10,000

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

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

20,7494,493,893,153

$216,584

106.4 4,716751.29M

$159,307

10,0351.66B

$164,967

5,0411.57B

$310,568

957521.58M

$545,017






July 2014

Mo

nth

s Su

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ly

Months Supply of Inventory

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Data from the


Active Inventory as of Aug 08, 2014


MSI FOR JULY INDICATORS FOR JULY 2014

5 YEAR MARKET ACTIVITY TRENDS 5yr JUL AVG = 7.5 3 MONTHS

MONTHS SUPPLY & BEDROOMS DISTRIBUTION BY PRICE

High

LowJun 2011 = 9.7

Feb 2014 = 5.5

Months Supply thismonth atbelow the 5 yr JULaverage of

5.6,

7.5

MAY

JUN

JUL

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

2010

7.9

2011

9.6

2012

7.6

2013

6.6

2014

5.61 Year

2 Year-14.56%

-25.43%

Inventory

20,749

End ofMonthActive

Inventory

Closed

44,220

ClosedLast12

Months

Absorption

3,685Average

Closed perMonth over12 Months

MSI

5.6

MonthsSupply

ofInventory

MSI %

17.760%

PercentMonths

Supply ofInventory

5.7

5.7-0.39%

5.6-0.57%

1,745 8.41% 4.1 4.9 3.6 3.1 2.7$50,000and less

2,095 10.10% 6.5 7.9 5.8 5.6 8.3$50,001$75,000

2,377 11.46% 5.9 7.0 5.5 6.7 7.0$75,001$100,000

5,689 27.42% 4.3 5.2 4.0 4.5 7.4$100,001$175,000

3,661 17.64% 5.6 7.1 5.6 5.0 5.7$175,001$250,000

2,755 13.28% 7.1 9.8 7.2 6.4 8.1$250,001$375,000

2,427 11.70% 13.4 20.7 13.7 12.3 13.3$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: 20,749

5.6 6.54,716

4.910,035

6.15,041

9.1957






July 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 JUL AVG = 75 3 MONTHS

AVERAGE DOM OF CLOSED SALES & BEDROOMS DISTRIBUTION BY PRICE

High

LowMar 2011 = 98

Jun 2014 = 66

Average DOM thismonth atbelow the 5 yr JULaverage of

66,

75

MAY

JUN

JUL

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

2010

79

2011

85

2012

77

2013

69

2014

661 Year

2 Year-4.10%

-14.12%

2010

78

2011

91

2012

84

2013

76

2014

731 Year

2 Year-3.56%

-13.00%

66

66-0.92%

660.64%

416 9.33% 78.0 81.4 73.1 84.3 85.5$50,000and less

318 7.13% 91.3 98.8 77.1 159.7 0.0$50,001$75,000

945 21.19% 62.4 66.8 61.8 54.8 78.6$75,001$125,000

1,101 24.69% 53.7 57.1 54.3 47.0 67.5$125,001$175,000

668 14.98% 69.5 87.5 67.9 63.0 99.4$175,001$225,000

522 11.70% 62.8 90.7 49.8 63.0 82.9$225,001$300,000

490 10.99% 74.7 98.4 71.8 62.5 102.2$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:

66.24,460

784,747,535

78.3893

112.95M

62.02379

358.35M

62.01046

259.77M

92.6142

53.68M






July 2014

Averag

e List P

rice

Average List Price at Closing

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Data from the





5 YEAR MARKET ACTIVITY TRENDS 5yr JUL AVG = 170K 3 MONTHS

AVERAGE LIST PRICE OF CLOSED SALES & BEDROOMS DISTRIBUTION BY PRICE

High

LowJun 2014 = 181,871

Jan 2010 = 138,948

Average LPrice thismonth atabove the 5 yr JULaverage of

180,974,

169,561

MAY

JUN

JUL

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

2010

161,867

2011

163,644

2012

164,619

2013

176,700

2014

180,974

1 Year

2 Year+2.42%

+9.94%

2010

150,568

2011

155,315

2012

157,991

2013

168,407

2014

170,696

1 Year

2 Year+1.36%

+8.04%

173,111

181,8715.06%

180,974-0.49%

377 8.45% 32,468 33,771 35,423 40,803 59,750$50,000and less

315 7.06% 64,255 66,200 67,217 69,977 0$50,001$75,000

921 20.65% 102,355 103,622 106,073 107,197 108,344$75,001$125,000

1,104 24.75% 150,713 154,975 151,577 159,810 160,155$125,001$175,000

685 15.36% 198,827 200,058 201,688 204,207 210,435$175,001$225,000

549 12.31% 259,737 267,167 261,679 265,754 265,107$225,001$300,000

509 11.41% 462,113 431,280 438,720 462,650 548,395$300,001and up

200,000

100,000


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

$180,9744,460

807,144,409

$130,995893

116.98M

$154,6162379

367.83M

$255,0141046

266.74M

$391,473142

55.59M






July 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 JUL AVG = 164K 3 MONTHS

AVERAGE SOLD PRICE OF CLOSED SALES & BEDROOMS DISTRIBUTION BY PRICE

High

LowJun 2014 = 176,850

Jan 2010 = 133,317

Average SPrice thismonth atabove the 5 yr JULaverage of

175,952,

163,927

MAY

JUN

JUL

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

2010

155,665

2011

157,560

2012

158,793

2013

171,665

2014

175,952

1 Year

2 Year+2.50%

+10.81%

2010

145,212

2011

149,156

2012

152,375

2013

163,165

2014

165,743

1 Year

2 Year+1.58%

+8.77%

168,712

176,8504.82%

175,952-0.51%

416 9.33% 31,148 29,693 31,727 35,842 50,000$50,000and less

318 7.13% 63,583 62,779 64,089 64,163 0$50,001$75,000

945 21.19% 101,926 99,303 102,591 102,918 105,046$75,001$125,000

1,101 24.69% 150,426 150,937 148,638 156,375 155,894$125,001$175,000

668 14.98% 198,889 196,992 198,261 200,359 204,490$175,001$225,000

522 11.70% 259,174 259,175 256,953 260,678 259,921$225,001$300,000

490 10.99% 452,010 421,310 423,910 447,969 527,977$300,001and up

200,000

100,000


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

$175,9524,460

784,747,535

$126,480893

112.95M

$150,6292379

358.35M

$248,3511046

259.77M

$378,033142

53.68M






July 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 JUL AVG=96.53% 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 JUL

average of

96.86%,

96.53%

MAY

JUN

JUL

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

2010

95.89%

2011

96.17%

2012

96.76%

2013

96.97%

2014

96.86%

1 Year

2 Year-0.11%

+0.11%

2010

96.35%

2011

95.77%

2012

96.26%

2013

96.69%

2014

96.81%

1 Year

2 Year+0.13%

+0.58%

97.41%

97.19%-0.23%

96.86%-0.34%

416 9.33% 89.95% 89.68% 90.39% 89.26% 85.97%$50,000and less

318 7.13% 95.33% 95.18% 95.82% 92.38% 0.00%$50,001$75,000

945 21.19% 96.80% 96.23% 96.87% 97.40% 99.79%$75,001$125,000

1,101 24.69% 98.02% 97.51% 98.16% 97.98% 97.47%$125,001$175,000

668 14.98% 98.72% 101.09% 98.42% 98.24% 97.14%$175,001$225,000

522 11.70% 98.15% 97.31% 98.31% 98.24% 98.17%$225,001$300,000

490 10.99% 97.33% 97.94% 97.00% 97.37% 97.37%$300,001and up

98

97

96


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

96.90%4,460

784,747,535

95.53%893

112.95M

97.02%2379

358.35M

97.54%1046

259.77M

97.51%142

53.68M






July 2014

Market Summary

Data from the


Inventory as of Aug 08, 2014


Inventory Inventory Market Activity Market Activity

New Listings Closed Sales

Pending Sales

Other Off Market

Active Inventory

Start Inventory

Total InventoryUnits

Volume

6,788 = 24.46%

20,958

27,746

$5,843,903,030

4,460 = 13.86%

4,531 = 14.08%

2,439 = 7.58%

20,749 = 64.48%

Absorption:

Active Inventory

3,685

20,749

JULY Year To Date

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

Last 12 months, an Average of Sales/Month

as of July 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

4,638 4,460 -3.84%4,119 4,531 10.00%7,154 6,788 -5.12%

176,700 180,974 2.42%171,665 175,952 2.50%96.97% 96.86% -0.11%

69.04 66.21 -4.10%23,636 20,749 -12.21%

6.60 5.63 -14.64%

25,898 26,252 1.37%27,887 29,184 4.65%45,871 45,407 -1.01%

168,407 170,696 1.36%163,165 165,743 1.58%96.69% 96.81% 0.13%

76.01 73.31 -3.56%23,636 20,749 -12.21%

6.60 5.63 -14.64%

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

JULY MARKET AVERAGE PRICES

INVENTORY AVERAGE L/S% & DOM

7,154

4,119

6,788

-5.12%

4,531

+10.00%

176,700171,665

180,974

+2.42%

175,952

+2.50%

23,636 6.60

20,749

-12.21%

5.63

-14.64%

96.97% 69.04

96.86%

-0.11%

66.21

-4.10%




July 2014 Housing Sales Statistics

Real Estate

Transcript of July 2014 Housing Sales Statistics