Owasso Housing Market Analysis – December 2020

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

Source:  Owasso Housing Market Analysis – December 2020

The Owasso, OK real estate market continues to be very much in favor of sellers.

At every price point it is a sellers' market.

I look at the real estate market statistics each month on the 25th day in order to be able to graph the difference in the 3-month absorption rate.  It continues to drop, especially at the lower price points.

However, even the highest priced homes are selling.

The Owasso real estate market is just plain hot.

In my analysis I show the hotness index, the absorption rate, and the odds of selling at every prie point.

Market trends, real estate market analysis for single-family homes in Owasso, Oklahoma. Analysis of trends and shifts in the real estate market for houses in the City of Owasso and in the Owasso Public School District.

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. the hotness index for houses, calculating the ratio between active and pending MLS listings;
  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. 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. 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absorption rate and comparing it to all the rooftops in the market (the active, pending, closed, expired, released and withdrawn listings in the MLS).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 Owasso Schools, go to Homes for Sale in Owasso Public Schools

To search for single-family houses for sale in the City of Owasso, go to Homes for Sale in the City of Owasso, OK

 

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

 

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Rainmaker
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Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Wishing you a joyful and prosperous 2021! We all deserve a new year! And a fresh start

Jan 01, 2021 08:49 PM #1
Rainmaker
3,760,647
Richard Weeks
Dallas, TX
REALTOR®, Broker

Thanks for sharing your market update.  Great information for buyers and sellers in the Owasso area.

Jan 02, 2021 02:00 AM #2
Rainmaker
91,390
Debbie Durkee
RE/MAX T-town - Tulsa, OK
ALC, CRS -- Land & Country Estates near Tulsa

Thank you, Lise and Richard, for your kind comments.

 

Jan 02, 2021 08:15 AM #3
Rainmaker
278,341
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Hello Debbie looks like a lot of activity to roll forward into 2021

Jan 02, 2021 09:28 AM #4
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Rainmaker
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Debbie Durkee

ALC, CRS -- Land & Country Estates near Tulsa
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