Home sales increase in 2011
February 12, 2012
Housing prices slid a bit in December, however for home sales for the year there was some improvement.
Home sales for 2011 ended in the positive with a few more homes sold in 2011 than what was seen in 2010 in the Tulsa area.
It was reported by the Greater Tulsa Association of Realtors that during 2011, 10,133 homes were sold which is up 1.4% from the homes that were sold in 2010 being 9,990. Even with that said it was quite a distance from the 14,117 homes that changed hands in 2007.
December home sales were a huge part of the rise in figures since 789 homes sold which put the figure 13% above the number seen in December of 2010 while being 6.2% above the number of homes that sold in the month of November 2011.
December sales were very close to the record sold in December of 2009 at 809. On the hand, 2007 was still a better year with 849 homes sold in the same month.
Sale prices of homes were not as good. The average price for a single family home was down 0.88% from 2010 at $149,438. The median was down 1.62% at $124,150. Homes with sales contracts not closed yet known as pending sales showed a positive note for January with 710 pending sales listed making it 13.6% higher than that the figures for December of 2010 and the highest figures seen in the last five years.
The inventory of homes on the market decreased 11.86% to a supply of 10.3 months as long as no other homes are put on the market.
Listed homes are on staying on the market at bit longer being bumped up one more day from 64 days to 65 days in the month of December.