Midtown Tulsa Housing Market Analysis – December 2020

By
Real Estate Agent with RE/MAX T-town 120358

Source:  https://www.tulsarealestateweb.com/midtown-tulsa-housing-market-analysis-december-2020/

I have been analyzing the real estate market in midtown Tulsa for the past 6 years. 

It is an amazing market because it literally encompasses homes at every price point.

In order to cover every price point from under $100,000 to over $1,200,000 I had to broaden coverage of midtown Tulsa to areas that true midtowners don't consider to be midtown Tulsa.

For the purposes of market analysis, therefore, the east-west axis of my polygon of midtown Tulsa extends from Riverside Drive at the Arkansas River all the way east to Sheridan Road (which is the eastern side of zip code 74114),   The north-south axis of my midtown Tulsa polygon goes from E. Admiral Boulevard south to I-44, which runs diagonally from E. 51st Street S. in Brookside northeasterly to where it crosses Sheridan at E. 41st Street S.

Each month I anaylze the statistics on the same day in order to graph accurately the changes in the market.

To see historic data back to February 2020, please go to my blog post category for midtown Tulsa Market Analyses on my website.

Market trends,real estate market analysis for single-family homes in midtown Tulsa, Oklahoma. Analysis of trends and shifts in the real estate market for houses in midtown Tulsa.

This category is a study of market trends, the supply and demand for single-family homes, an analysis of the housing market for houses, using MLS statistics for houses (single-family homes) to show:

  1. 1) the hotness index for houses, calculating the ratio between active and pending MLS listings;
  2. 2) the velocity of the real estate market, showing how many houses are selling each month or the rate of sales for single-family homes;
  3. 3) the 3-month absorption rate, showing the current supply of houses on the market or how long it will take to sell all the houses currently on the market (assuming no other single-family homes come on the market);
  4. 4) the odds of selling over the next 90 days, using the absorption rate and comparing it to all the rooftops in the market (the active, pending, closed, expired, released and withdrawn listings in the MLS).

This analysis will show the market trends in order to spot shifts in the market. Graphs show the change in the 3-month absorption rate and show whether a particular price point is in a buyer's market or a seller's market.

To search for single-family houses for sale in Midtown Tulsa, go to Midtown Tulsa Homes for Sale

Copyright © 2021 Deborah M. Durkee. ALL RIGHTS RESERVED — Midtown Tulsa Housing Market Analysis – December 2020

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Debbie Durkee

ALC, CRS -- Land & Country Estates near Tulsa
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