"Tulsa's median list price dropped to $247,900 in February, nearly 6% below where it stood a year ago, compared to just a 2.1% dip nationally. This meaningful gap indicates a buyer's market."
"Active listings rose to 1,076 homes in February, a 10.4% jump year-over-year, well ahead of the national gain of 7.9%. This increase provides buyers with more options."
"The typical home spent 66 days on the market in February, which is four days faster than the national median but 7.8% longer than a year ago, giving buyers leverage."
Tulsa's real estate market has shifted in favor of buyers, with inventory increasing over 10% year-over-year and median list prices dropping nearly 6%. Active listings rose to 1,076 homes, providing more choices for buyers. A significant portion of listings experienced price reductions, indicating opportunities for buyers to find homes at more realistic prices. Homes are taking longer to sell, with the typical listing spending 66 days on the market, which is longer than last year but still faster than the national average.
Read at SFGATE
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