October 2014 Housing Sales Statistics

Monthly Inventory AnalysisData from the OKLAHOMA ASSOCIATION OF REALTORS®

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

October 2014

Report Produced on: Nov 14, 2014

Absorption:

Active Inventory

3,753

20,476

OCTOBER Market Activity

2013 2014 +/-%

Last 12 months, an Average of Sales/Month

as of October 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

3,592 3,949 9.94%3,459 3,784 9.40%5,759 5,766 0.12%

161,136 173,303 7.55%155,669 169,504 8.89%96.07% 98.41% 2.44%

76.81 68.46 -10.88%23,095 20,476 -11.34%

6.32 5.46 -13.67%

Analysis Wrap-Up What's in this Issue

Real Estate is Local

Closed (12.73%)Pending (12.20%)Other OffMarket (9.07%)Active (66.00%)

Months Supply of Inventory (MSI) Decreases

The total housing inventory at the end of October 2014decreased 11.34% to 20,476 existing homes available for sale.Over the last 12 months this area has had an average of 3,753closed sales per month. This represents an unsold inventoryindex of 5.46 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 8.89% in October2014 to $169,504 versus the previous year at $155,669.

Average Days on Market Shortens

The average number of 68.46 days that homes spent on themarket before selling decreased by 8.35 days or 10.88% inOctober 2014 compared to last year’s same month at 76.81DOM.

Sales Success for October 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 October 2014, up 0.12%from last year at 5,759. Furthermore, there were 3,949 ClosedListings this month versus last year at 3,592, a 9.94%increase.

Closed versus Listed trends yielded a 68.5% ratio, up from lastyear’s October 2014 at 62.4%, a 9.81% 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®

October 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 Nov 12, 2014


OCTOBER YEAR TO DATE (YTD)

5 YEAR MARKET ACTIVITY TRENDS 5yr OCT AVG = 3,278 3 MONTHS

CLOSED LISTINGS & BEDROOMS DISTRIBUTION BY PRICE

High

LowJul 2013 = 4,641

Jan 2010 = 1,723

Closed Listings thismonth atabove the 5 yr OCTaverage of

3,949,

3,278

AUG

SEP

OCT

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

2010

2,508

2011

2,835

2012

3,504

2013

3,592

2014

3,949

1 Year

2 Year+9.94%

+12.70%

2010

29,837

2011

29,833

2012

34,722

2013

37,588

2014

38,731

1 Year

2 Year+3.04%

+11.55%

4,369

4,044-7.44%

3,949-2.35%

404 10.23% 82.9 180 205 19 0$50,000and less

355 8.99% 70.9 113 215 26 1$50,001$75,000

414 10.48% 68.7 113 275 26 0$75,001$100,000

967 24.49% 59.6 172 675 109 11$100,001$150,000

739 18.71% 63.7 97 419 210 13$150,001$200,000

640 16.21% 70.7 71 276 261 32$200,001$300,000

430 10.89% 77.6 37 99 253 41$300,001and up

5,000

4,000

3,000

2,000

1,000

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

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

3,949669,372,052

$169,504

68.5 78393.31M

$119,168

2164310.97M

$143,700

904230.04M

$254,474

9835.05M

$357,682

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]




October 2014

Pen

din

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Pending Listings

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Data from the


Pending Listings as of Nov 12, 2014




PENDING LISTINGS & BEDROOMS DISTRIBUTION BY PRICE

High

LowApr 2010 = 4,946

Dec 2010 = 2,049

Pending Listings thismonth atabove the 5 yr OCTaverage of

3,784,

3,124

AUG

SEP

OCT

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

2010

2,282

2011

2,746

2012

3,351

2013

3,459

2014

3,784

1 Year

2 Year+9.40%

+12.92%

2010

30,193

2011

30,782

2012

36,023

2013

38,656

2014

40,483

1 Year

2 Year+4.73%

+12.38%

4,165

3,715-10.80%

3,7841.86%

387 10.23% 67.4 181 181 21 4$50,000and less

318 8.40% 72.4 110 183 23 2$50,001$75,000

401 10.60% 66.5 77 280 42 2$75,001$100,000

925 24.45% 56.9 137 663 117 8$100,001$150,000

887 23.44% 68.0 114 524 240 9$150,001$225,000

471 12.45% 72.5 55 177 214 25$225,001$300,000

395 10.44% 76.9 38 76 224 57$300,001and up

5,000

4,000

3,000

2,000

1,000


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

3,784659,664,275

$163,586

68.5 71287.97M

$123,558

2084297.89M

$142,941

881225.53M

$255,992

10748.27M

$451,159






October 2014

New

Listin

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New Listings

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Data from the


New Listings as of Nov 12, 2014




NEW LISTINGS & BEDROOMS DISTRIBUTION BY PRICE

High

LowApr 2010 = 7,798

Dec 2013 = 3,479

New Listings thismonth atabove the 5 yr OCTaverage of

5,766,

5,543

AUG

SEP

OCT

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

2010

5,277

2011

5,318

2012

5,597

2013

5,759

2014

5,766

1 Year

2 Year+0.12%

+3.02%

2010

59,944

2011

59,451

2012

62,083

2013

63,507

2014

63,432

1 Year

2 Year-0.12%

+2.17%

6,393

5,790-9.43%

5,766-0.41%

525 9.11% 265 225 32 3$50,000and less

519 9.00% 183 296 34 6$50,001$75,000

614 10.65% 136 424 47 7$75,001$100,000

1,804 31.29% 299 1,219 263 23$100,001$175,000

757 13.13% 90 422 228 17$175,001$225,000

927 16.08% 98 373 394 62$225,001$350,000

620 10.75% 47 135 327 111$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:

5,7661,156,358,845

$201,622

1118145.70M

$130,324

3094494.58M

$159,852

1325392.64M

$296,329

229123.44M

$539,039






October 2014

Active In

vento

ry

Active Inventory

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Data from the


Active Inventory as of Nov 12, 2014


END OF OCTOBER ACTIVE DURING OCTOBER


INVENTORY & BEDROOMS DISTRIBUTION BY PRICE

High

LowJul 2011 = 26,789

Jan 2010 = 19,957

Inventory thismonth atbelow the 5 yr OCTaverage of

20,476,

23,540

AUG

SEP

OCT

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

2010

25,231

2011

25,509

2012

23,412

2013

23,074

2014

20,4761 Year

2 Year-11.26%

-12.54%

2010

30,780

2011

31,365

2012

29,620

2013

29,176

2014

27,0721 Year

2 Year-7.21%

-8.60%

21,767

21,312-2.09%

20,476-3.92%

1,787 8.73% 130.2 916 757 98 16$50,000and less

2,159 10.54% 122.3 826 1,175 137 21$50,001$75,000

2,285 11.16% 117.0 601 1,433 225 26$75,001$100,000

5,542 27.07% 102.8 1,039 3,504 903 96$100,001$175,000

3,684 17.99% 105.9 573 1,784 1,211 116$175,001$250,000

2,703 13.20% 111.5 376 883 1,216 228$250,001$375,000

2,316 11.31% 119.6 241 449 1,165 461$375,001and up

30,000

20,000

10,000


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

20,4764,372,944,166

$213,564

112.4 4,572671.90M

$146,959

9,9851.65B

$165,428

4,9551.52B

$306,170

964532.18M

$552,056






October 2014

Mo

nth

s Su

pp

ly

Months Supply of Inventory

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Data from the


Active Inventory as of Nov 12, 2014


MSI FOR OCTOBER INDICATORS FOR OCTOBER 2014

5 YEAR MARKET ACTIVITY TRENDS 5yr OCT AVG = 7.2 3 MONTHS

MONTHS SUPPLY & BEDROOMS DISTRIBUTION BY PRICE

High

LowJun 2011 = 9.7

Oct 2014 = 5.5

Months Supply thismonth atbelow the 5 yr OCTaverage of

5.5,

7.2

AUG

SEP

OCT

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

2010

8.5

2011

8.8

2012

7.0

2013

6.3

2014

5.51 Year

2 Year-13.59%

-21.87%

Inventory

20,476

End ofMonthActive

Inventory

Closed

45,038

ClosedLast12

Months

Absorption

3,753Average

Closed perMonth over12 Months

MSI

5.5

MonthsSupply

ofInventory

MSI %

18.330%

PercentMonths

Supply ofInventory

5.9

5.7-2.75%

5.5-4.68%

1,787 8.73% 4.2 4.9 3.7 3.4 5.3$50,000and less

2,159 10.54% 6.7 7.7 6.2 6.2 9.7$50,001$75,000

2,285 11.16% 5.7 6.2 5.4 6.5 7.8$75,001$100,000

5,542 27.07% 4.1 5.1 3.8 4.4 6.9$100,001$175,000

3,684 17.99% 5.5 6.7 5.4 5.1 6.8$175,001$250,000

2,703 13.20% 6.6 9.6 7.0 5.7 7.6$250,001$375,000

2,316 11.31% 12.1 17.4 11.9 11.2 13.0$375,001and up

109876543210

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

MSI:Total Active Inventory: 20,476

5.5 6.24,572

4.89,985

5.84,955

9.2964






October 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 OCT AVG = 81 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 OCTaverage of

68,

81

AUG

SEP

OCT

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

2010

90

2011

88

2012

82

2013

77

2014

681 Year

2 Year-10.88%

-16.89%

2010

79

2011

89

2012

83

2013

75

2014

721 Year

2 Year-5.08%

-13.77%

67

670.92%

681.50%

404 10.23% 82.9 84.7 81.3 82.9 0.0$50,000and less

355 8.99% 70.9 67.3 67.8 113.5 29.0$50,001$75,000

414 10.48% 68.7 75.2 66.0 68.6 0.0$75,001$100,000

967 24.49% 59.6 80.6 52.6 66.3 90.3$100,001$150,000

739 18.71% 63.7 73.6 59.5 67.9 55.0$150,001$200,000

640 16.21% 70.7 108.4 63.0 65.6 94.0$200,001$300,000

430 10.89% 77.6 100.2 71.8 74.3 92.0$300,001and up

1009080706050403020100

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

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

68.53,949

669,372,052

81.4783

93.31M

62.12164

310.97M

70.5904

230.04M

86.998

35.05M






October 2014

Averag

e List P

rice

Average List Price at Closing

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Data from the





5 YEAR MARKET ACTIVITY TRENDS 5yr OCT AVG = 161K 3 MONTHS

AVERAGE LIST PRICE OF CLOSED SALES & BEDROOMS DISTRIBUTION BY PRICE

High

LowJun 2014 = 181,745

Jan 2010 = 138,905

Average LPrice thismonth atabove the 5 yr OCTaverage of

173,303,

160,543

AUG

SEP

OCT

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

2010

155,091

2011

151,082

2012

162,103

2013

161,136

2014

173,303

1 Year

2 Year+7.55%

+6.91%

2010

151,920

2011

155,538

2012

160,108

2013

168,492

2014

171,900

1 Year

2 Year+2.02%

+7.37%

176,784

172,849-2.23%

173,3030.26%

364 9.22% 33,871 34,233 37,562 42,671 0$50,000and less

328 8.31% 64,036 68,867 68,400 70,150 66,000$50,001$75,000

438 11.09% 89,236 92,586 92,424 91,015 0$75,001$100,000

956 24.21% 128,034 130,697 130,153 132,198 132,782$100,001$150,000

760 19.25% 175,103 178,208 176,815 178,951 186,446$150,001$200,000

654 16.56% 245,912 253,346 245,049 252,528 271,800$200,001$300,000

449 11.37% 435,751 421,369 408,638 432,234 582,216$300,001and up

200,000

100,000


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

$173,3033,949

684,374,829

$124,841783

97.75M

$146,8812164

317.85M

$256,920904

232.26M

$372,64198

36.52M






October 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 OCT AVG = 155K 3 MONTHS

AVERAGE SOLD PRICE OF CLOSED SALES & BEDROOMS DISTRIBUTION BY PRICE

High

LowNov 2013 = 188,181

Jan 2010 = 133,277

Average SPrice thismonth atabove the 5 yr OCTaverage of

169,504,

155,102

AUG

SEP

OCT

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

2010

148,756

2011

145,025

2012

156,557

2013

155,669

2014

169,504

1 Year

2 Year+8.89%

+8.27%

2010

146,366

2011

149,416

2012

154,463

2013

163,132

2014

166,996

1 Year

2 Year+2.37%

+8.11%

171,861

167,754-2.39%

169,5041.04%

404 10.23% 32,278 30,040 33,971 35,221 0$50,000and less

355 8.99% 64,495 63,565 64,928 65,036 62,700$50,001$75,000

414 10.48% 88,546 88,623 88,621 87,406 0$75,001$100,000

967 24.49% 126,961 125,721 126,857 129,900 123,636$100,001$150,000

739 18.71% 173,882 173,425 173,252 175,163 176,908$150,001$200,000

640 16.21% 244,135 241,064 239,600 247,408 263,374$200,001$300,000

430 10.89% 440,142 409,259 417,382 434,368 558,595$300,001and up

200,000

100,000


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

$169,5043,949

669,372,052

$119,168783

93.31M

$143,7002164

310.97M

$254,474904

230.04M

$357,68298

35.05M






October 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 OCT AVG=96.30% 3 MONTHS

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

High

LowNov 2013 = 124.44%

Jan 2011 = 95.22%

Average List/Sell thismonth atabove the 5 yr OCT

average of

98.41%,

96.30%

AUG

SEP

OCT

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

2010

95.36%

2011

95.45%

2012

96.21%

2013

96.07%

2014

98.41%

1 Year

2 Year+2.44%

+2.28%

2010

96.14%

2011

95.78%

2012

96.28%

2013

96.59%

2014

96.87%

1 Year

2 Year+0.29%

+0.62%

96.84%

96.91%0.08%

98.41%1.54%

404 10.23%103.65% 117.02% 93.71% 84.35% 0.00%$50,000and less

355 8.99% 94.93% 93.78% 95.72% 93.40% 95.00%$50,001$75,000

414 10.48% 96.16% 96.10% 96.15% 96.52% 0.00%$75,001$100,000

967 24.49% 97.85% 96.50% 97.60%101.96% 93.33%$100,001$150,000

739 18.71% 97.90% 97.39% 98.07% 97.96% 95.26%$150,001$200,000

640 16.21% 97.73% 95.88% 97.92% 98.12% 97.01%$200,001$300,000

430 10.89%101.66% 97.66%106.77%101.03% 96.80%$300,001and up

130

120

110

100Jun 2010 Dec 2010Jun 2011 Dec 2011Jun 2012 Dec 2012Jun 2013 Dec 2013Jun 2014

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

98.40%3,949

669,372,052

100.87%783

93.31M

97.41%2164

310.97M

98.89%904

230.04M

96.26%98

35.05M






October 2014

Market Summary

Data from the


Inventory as of Nov 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 = 21.29%

21,318

27,084

$5,646,213,598

3,949 = 12.73%

3,784 = 12.20%

2,813 = 9.07%

20,476 = 66.00%

Absorption:

Active Inventory

3,753

20,476

OCTOBER Year To Date

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

Last 12 months, an Average of Sales/Month

as of October 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

3,592 3,949 9.94%3,459 3,784 9.40%5,759 5,766 0.12%

161,136 173,303 7.55%155,669 169,504 8.89%96.07% 98.41% 2.44%

76.81 68.46 -10.88%23,095 20,476 -11.34%

6.32 5.46 -13.67%

37,588 38,731 3.04%38,656 40,483 4.73%63,507 63,432 -0.12%

168,492 171,900 2.02%163,132 166,996 2.37%96.59% 96.87% 0.29%

75.41 71.58 -5.08%23,095 20,476 -11.34%

6.32 5.46 -13.67%

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

OCTOBER MARKET AVERAGE PRICES

INVENTORY AVERAGE L/S% & DOM

5,759

3,459

5,766

+0.12%

3,784

+9.40%

161,136155,669

173,303

+7.55%

169,504

+8.89%

23,095 6.32

20,476

-11.34%

5.46

-13.67%

96.07%

76.8198.41%

+2.44%

68.46

-10.88%


