Tulsa, OK housing market

Tulsa home values rose five percent this year, yet about one in five sellers is still cutting their price. If you are thinking about selling, that tension is the whole story. Start with the good news. The typical Tulsa home is now worth about one hundred ninety-seven thousand dollars, up five percent over the past year. That is a real gain, and your equity has likely grown with it. There are about one thousand one hundred fifty homes for sale right now, so buyers have choices. But here is the catch. The typical listing is sitting for fifty-seven days before going under contract, and about twenty-two percent of active listings have already cut their asking price. The median asking price is about two hundred fifty-two thousand five hundred dollars, well above the typical home value, which tells you many sellers are starting high and adjusting down after. So the move is simple. Price your home to this market, not to the headline. A well priced Tulsa home still sells at a strong number. An overpriced one sits for two months and then cuts anyway. To see where your home lands in this market, get a free value estimate at Home Value Pros dot com.