September 2014 Housing Sales Statistics

Monthly Inventory AnalysisData from the OKLAHOMA ASSOCIATION OF REALTORS®

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

September 2014

Report Produced on: Oct 14, 2014

Absorption:

Active Inventory

3,719

20,858

SEPTEMBER Market Activity

2013 2014 +/-%

Last 12 months, an Average of Sales/Month

as of September 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

3,741 4,015 7.32%3,298 3,793 15.01%5,489 5,766 5.05%

167,267 172,688 3.24%162,300 167,662 3.30%96.31% 96.92% 0.63%

72.04 67.47 -6.35%23,459 20,858 -11.09%

6.43 5.61 -12.80%

Analysis Wrap-Up What's in this Issue

Real Estate is Local

Closed (12.84%)Pending (12.13%)Other OffMarket (8.30%)Active (66.72%)

Months Supply of Inventory (MSI) Decreases

The total housing inventory at the end of September 2014decreased 11.09% to 20,858 existing homes available for sale.Over the last 12 months this area has had an average of 3,719closed sales per month. This represents an unsold inventoryindex of 5.61 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 3.30% in September2014 to $167,662 versus the previous year at $162,300.

Average Days on Market Shortens

The average number of 67.47 days that homes spent on themarket before selling decreased by 4.57 days or 6.35% inSeptember 2014 compared to last year’s same month at 72.04DOM.

Sales Success for September 2014 is Positive

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

There were 5,766 New Listings in September 2014, up 5.05%from last year at 5,489. Furthermore, there were 4,015 ClosedListings this month versus last year at 3,741, a 7.32%increase.

Closed versus Listed trends yielded a 69.6% ratio, up from lastyear’s September 2014 at 68.2%, a 2.17% 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®

September 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 Oct 12, 2014


SEPTEMBER YEAR TO DATE (YTD)

5 YEAR MARKET ACTIVITY TRENDS 5yr SEP AVG = 3,376 3 MONTHS

CLOSED LISTINGS & BEDROOMS DISTRIBUTION BY PRICE

High

LowJul 2013 = 4,641

Jan 2010 = 1,723

Closed Listings thismonth atabove the 5 yr SEPaverage of

4,015,

3,376

JUL

AUG

SEP

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

2010

2,704

2011

3,218

2012

3,200

2013

3,741

2014

4,015

1 Year

2 Year+7.32%

+25.47%

2010

27,329

2011

26,997

2012

31,215

2013

33,993

2014

34,725

1 Year

2 Year+2.15%

+11.24%

4,507

4,359-3.28%

4,015-7.89%

127 3.16% 75.1 65 52 10 0$25,000and less

622 15.49% 76.7 225 354 38 5$25,001$75,000

436 10.86% 67.1 107 283 41 5$75,001$100,000

979 24.38% 56.5 157 698 119 5$100,001$150,000

789 19.65% 56.9 109 458 211 11$150,001$200,000

664 16.54% 77.7 71 291 285 17$200,001$300,000

398 9.91% 81.8 28 107 225 38$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:

4,015673,162,554

$167,662

67.5 76288.22M

$115,771

2243325.78M

$145,245

929233.01M

$250,815

8126.15M

$322,878

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]




September 2014

Pen

din

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Pending Listings

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Data from the


Pending Listings as of Oct 12, 2014




PENDING LISTINGS & BEDROOMS DISTRIBUTION BY PRICE

High

LowApr 2010 = 4,946

Dec 2010 = 2,049

Pending Listings thismonth atabove the 5 yr SEPaverage of

3,793,

3,116

JUL

AUG

SEP

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

2010

2,505

2011

2,893

2012

3,092

2013

3,298

2014

3,793

1 Year

2 Year+15.01%

+22.67%

2010

27,911

2011

28,037

2012

32,677

2013

35,206

2014

36,852

1 Year

2 Year+4.68%

+12.78%

4,365

4,192-3.96%

3,793-9.52%

369 9.73% 72.1 160 187 21 1$50,000and less

285 7.51% 82.0 97 169 17 2$50,001$75,000

436 11.49% 68.2 130 277 28 1$75,001$100,000

930 24.52% 59.1 160 662 102 6$100,001$150,000

724 19.09% 60.4 104 413 196 11$150,001$200,000

644 16.98% 70.5 76 279 260 29$200,001$300,000

405 10.68% 80.7 35 96 238 36$300,001and up

5,000

4,000

3,000

2,000

1,000


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

3,793656,454,090

$156,139

73.5 76294.27M

$123,708

2083308.16M

$147,943

862223.54M

$259,324

8630.49M

$354,493






September 2014

New

Listin

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New Listings

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Data from the


New Listings as of Oct 12, 2014




NEW LISTINGS & BEDROOMS DISTRIBUTION BY PRICE

High

LowApr 2010 = 7,798

Dec 2013 = 3,479

New Listings thismonth atabove the 5 yr SEPaverage of

5,766,

5,477

JUL

AUG

SEP

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

2010

5,232

2011

5,530

2012

5,366

2013

5,489

2014

5,766

1 Year

2 Year+5.05%

+7.45%

2010

54,667

2011

54,133

2012

56,486

2013

57,748

2014

57,622

1 Year

2 Year-0.22%

+2.01%

6,828

6,381-6.55%

5,766-9.64%

503 8.72% 242 232 29 0$50,000and less

535 9.28% 213 295 24 3$50,001$75,000

631 10.94% 155 414 59 3$75,001$100,000

1,773 30.75% 264 1,236 257 16$100,001$175,000

787 13.65% 96 410 266 15$175,001$225,000

972 16.86% 109 365 438 60$225,001$350,000

565 9.80% 42 117 310 96$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:

5,7661,118,307,852

$160,023

1121145.22M

$129,547

3069475.37M

$154,894

1383399.75M

$289,048

19397.96M

$507,584






September 2014

Active In

vento

ry

Active Inventory

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Data from the


Active Inventory as of Oct 12, 2014


END OF SEPTEMBER ACTIVE DURING SEPTEMBER


INVENTORY & BEDROOMS DISTRIBUTION BY PRICE

High

LowJul 2011 = 26,792

Jan 2010 = 19,960

Inventory thismonth atbelow the 5 yr SEPaverage of

20,858,

23,999

JUL

AUG

SEP

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

2010

25,543

2011

26,084

2012

24,068

2013

23,444

2014

20,8581 Year

2 Year-11.03%

-13.34%

2010

31,100

2011

32,156

2012

29,905

2013

29,120

2014

27,2491 Year

2 Year-6.43%

-8.88%

21,680

21,496-0.85%

20,858-2.97%

1,822 8.74% 130.1 953 759 95 15$50,000and less

2,170 10.40% 119.7 860 1,160 129 21$50,001$75,000

2,327 11.16% 115.5 613 1,451 239 24$75,001$100,000

5,657 27.12% 101.6 1,051 3,592 918 96$100,001$175,000

3,734 17.90% 102.8 588 1,792 1,240 114$175,001$250,000

2,789 13.37% 109.8 389 865 1,307 228$250,001$375,000

2,359 11.31% 121.1 252 464 1,166 477$375,001and up

30,000

20,000

10,000

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

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

20,8584,426,094,758

$212,201

111.0 4,706685.91M

$145,753

10,0831.66B

$164,171

5,0941.55B

$304,945

975531.46M

$545,087






September 2014

Mo

nth

s Su

pp

ly

Months Supply of Inventory

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Data from the


Active Inventory as of Oct 12, 2014


MSI FOR SEPTEMBER INDICATORS FOR SEPTEMBER 2014

5 YEAR MARKET ACTIVITY TRENDS 5yr SEP 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 SEPaverage of

5.6,

7.4

JUL

AUG

SEP

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

2010

8.3

2011

9.1

2012

7.3

2013

6.4

2014

5.61 Year

2 Year-12.74%

-23.17%

Inventory

20,858

End ofMonthActive

Inventory

Closed

44,622

ClosedLast12

Months

Absorption

3,719Average

Closed perMonth over12 Months

MSI

5.6

MonthsSupply

ofInventory

MSI %

17.828%

PercentMonths

Supply ofInventory

5.9

5.8-0.88%

5.6-3.56%

1,822 8.74% 4.3 5.1 3.7 3.1 4.7$50,000and less

2,170 10.40% 6.8 8.1 6.1 6.0 9.7$50,001$75,000

2,327 11.16% 5.8 6.4 5.5 6.8 6.5$75,001$100,000

5,657 27.12% 4.3 5.1 4.0 4.5 6.9$100,001$175,000

3,734 17.90% 5.6 6.9 5.5 5.3 6.6$175,001$250,000

2,789 13.37% 7.0 10.2 7.0 6.3 7.9$250,001$375,000

2,359 11.31% 12.7 19.4 12.7 11.6 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: 20,858

5.6 6.54,706

4.910,083

6.15,094

9.3975






September 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 SEP AVG = 78 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 SEPaverage of

67,

78

JUL

AUG

SEP

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

2010

82

2011

85

2012

81

2013

72

2014

671 Year

2 Year-6.35%

-16.83%

2010

79

2011

89

2012

83

2013

75

2014

721 Year

2 Year-4.53%

-13.51%

67

66-0.43%

671.51%

127 3.16% 75.1 88.0 59.5 73.4 0.0$25,000and less

622 15.49% 76.7 78.8 76.7 69.9 33.0$25,001$75,000

436 10.86% 67.1 87.6 60.0 62.4 69.2$75,001$100,000

979 24.38% 56.5 54.1 53.9 74.7 64.0$100,001$150,000

789 19.65% 56.9 76.4 53.5 54.6 48.8$150,001$200,000

664 16.54% 77.7 130.4 70.4 71.0 94.4$200,001$300,000

398 9.91% 81.8 85.4 88.5 76.3 92.8$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:

67.54,015

673,162,554

80.5762

88.22M

62.12243

325.78M

68.7929

233.01M

80.281

26.15M






September 2014

Averag

e List P

rice

Average List Price at Closing

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Data from the





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

AVERAGE LIST PRICE OF CLOSED SALES & BEDROOMS DISTRIBUTION BY PRICE

High

LowJun 2014 = 181,799

Jan 2010 = 138,905

Average LPrice thismonth atabove the 5 yr SEPaverage of

172,688,

162,992

JUL

AUG

SEP

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

2010

155,421

2011

155,898

2012

163,683

2013

167,267

2014

172,688

1 Year

2 Year+3.24%

+5.50%

2010

151,629

2011

155,994

2012

159,888

2013

169,274

2014

171,748

1 Year

2 Year+1.46%

+7.42%

181,130

176,932-2.32%

172,688-2.40%

112 2.79% 17,858 18,921 20,266 22,335 0$25,000and less

600 14.94% 52,328 53,440 56,241 49,948 52,380$25,001$75,000

438 10.91% 89,592 92,371 92,652 90,876 89,960$75,001$100,000

978 24.36% 129,241 131,430 130,591 131,551 144,880$100,001$150,000

788 19.63% 175,588 181,253 175,805 181,191 191,700$150,001$200,000

688 17.14% 244,516 247,996 241,678 252,579 261,540$200,001$300,000

411 10.24% 456,732 395,261 421,913 479,736 504,271$300,001and up

200,000

100,000


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

$172,6884,015

693,343,749

$121,002762

92.20M

$149,0542243

334.33M

$257,975929

239.66M

$335,22581

27.15M






September 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 SEP AVG = 157K 3 MONTHS

AVERAGE SOLD PRICE OF CLOSED SALES & BEDROOMS DISTRIBUTION BY PRICE

High

LowJun 2014 = 176,733

Jan 2010 = 133,277

Average SPrice thismonth atabove the 5 yr SEPaverage of

167,662,

157,443

JUL

AUG

SEP

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

2010

149,470

2011

149,742

2012

158,041

2013

162,300

2014

167,662

1 Year

2 Year+3.30%

+6.09%

2010

146,147

2011

149,867

2012

154,231

2013

163,926

2014

166,726

1 Year

2 Year+1.71%

+8.10%

176,103

172,007-2.33%

167,662-2.53%

127 3.16% 16,847 16,550 16,794 19,050 0$25,000and less

622 15.49% 51,285 49,496 52,900 46,259 55,689$25,001$75,000

436 10.86% 88,822 88,076 89,261 87,053 94,450$75,001$100,000

979 24.38% 127,335 127,368 127,367 126,797 134,600$100,001$150,000

789 19.65% 174,168 175,120 172,287 177,230 184,340$150,001$200,000

664 16.54% 242,446 238,465 237,468 247,658 256,919$200,001$300,000

398 9.91% 445,562 377,331 411,317 464,103 482,475$300,001and up

200,000

100,000


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

$167,6624,015

673,162,554

$115,771762

88.22M

$145,2452243

325.78M

$250,815929

233.01M

$322,87881

26.15M






September 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 SEP AVG=96.22% 3 MONTHS

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

High

LowMay 2014 = 97.05%

Jan 2011 = 95.22%

Average List/Sell thismonth atabove the 5 yr SEP

average of

96.92%,

96.22%

JUL

AUG

SEP

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

2010

95.80%

2011

95.71%

2012

96.33%

2013

96.31%

2014

96.92%

1 Year

2 Year+0.63%

+0.62%

2010

96.21%

2011

95.82%

2012

96.29%

2013

96.65%

2014

96.70%

1 Year

2 Year+0.06%

+0.43%

96.85%

96.85%-0.00%

96.92%0.08%

127 3.16% 88.67% 89.78% 87.07% 89.76% 0.00%$25,000and less

622 15.49% 94.23% 93.15% 94.69% 93.37%116.89%$25,001$75,000

436 10.86% 97.11% 95.96% 97.48% 96.43%105.82%$75,001$100,000

979 24.38% 97.54% 97.64% 97.67% 96.79% 93.71%$100,001$150,000

789 19.65% 97.91% 96.93% 98.16% 97.95% 96.28%$150,001$200,000

664 16.54% 98.53% 96.43% 99.46% 98.11% 98.29%$200,001$300,000

398 9.91% 97.43% 95.80% 97.87% 97.62% 96.30%$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%4,015

673,162,554

95.12%762

88.22M

97.27%2243

325.78M

97.43%929

233.01M

98.41%81

26.15M






September 2014

Market Summary

Data from the


Inventory as of Oct 12, 2014


Inventory Inventory Market Activity Market Activity

New Listings Closed Sales

Pending Sales

Other Off Market

Active Inventory

Start Inventory

Total InventoryUnits

Volume

5,766 = 21.15%

21,497

27,263

$5,655,009,558

4,015 = 12.84%

3,793 = 12.13%

2,596 = 8.30%

20,858 = 66.72%

Absorption:

Active Inventory

3,719

20,858

SEPTEMBER Year To Date

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

Last 12 months, an Average of Sales/Month

as of September 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

3,741 4,015 7.32%3,298 3,793 15.01%5,489 5,766 5.05%

167,267 172,688 3.24%162,300 167,662 3.30%96.31% 96.92% 0.63%

72.04 67.47 -6.35%23,459 20,858 -11.09%

6.43 5.61 -12.80%

33,993 34,725 2.15%35,206 36,852 4.68%57,748 57,622 -0.22%

169,274 171,748 1.46%163,926 166,726 1.71%96.65% 96.70% 0.06%

75.26 71.86 -4.53%23,459 20,858 -11.09%

6.43 5.61 -12.80%

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

SEPTEMBER MARKET AVERAGE PRICES

INVENTORY AVERAGE L/S% & DOM

5,489

3,298

5,766

+5.05%

3,793

+15.01%

167,267162,300

172,688

+3.24%

167,662

+3.30%

23,459 6.43

20,858

-11.09%

5.61

-12.80%

96.31%

72.0496.92%

+0.63%

67.47

-6.35%




September 2014 Housing Sales Statistics

Real Estate

Transcript of September 2014 Housing Sales Statistics