Real Estate Analysis and Commentary in Tulsa

February 2023 sales trailed February 2022's pace. While increasing slightly over January 2023's number of pending sales. The total number of listings taken was almost identical over the same February 2022-2023 time period. Low inventory continues and as a result prices have been slowing increasing.  

What's this mean? Pending sales are normally a good indicator of what closed sales will look like over the next 2 months. Look for a stable to slowly increasing median sales price in the market over the next couple of months as we enter the busy summer selling season.