"The median listing price in Tulsa dropped to $255,000 in December, marking a significant 2.7% decrease from the previous year. This decline in prices was more pronounced than the national trend, which saw a minor decrease of 0.6%. The reduction in prices, paired with an increased share of homes with price reductions, rising by 2.0 percentage points to 17.2%, indicated that sellers may have been strategically adjusting their pricing to entice a broad spectrum of buyers."
"Homes in Tulsa spent a median of 64 days on the market in December, a 2.3% decrease from the previous year. This was notably quicker than the national median of 73 days, which itself increased by 5.0%. The shorter time on the market highlighted the lingering enthusiasm among buyers, ensuring that despite increased inventory, homes continued to sell at a brisk pace."
In December, Tulsa's active listings rose 5.3% year-over-year to 1,166 homes, while newly listed properties increased 9.4%, contrasting with national increases of 12.1% and a 1.8% decline respectively. The median listing price fell to $255,000, a 2.7% drop exceeding the national 0.6% decrease. The share of homes with price reductions climbed 2.0 percentage points to 17.2%, suggesting seller price adjustments. Homes sold faster, with a median of 64 days on market, down 2.3% year-over-year and quicker than the national 73-day median. Increased inventory, lower prices, and brisk sales created favorable conditions for buyers.
Read at SFGATE
Unable to calculate read time
Collection
[
|
...
]