Tulsa, OK housing market

In Tulsa right now, the typical home takes about 48 days to sell, and that number tells you most of what you need to know. This is not a fast market, but it is a steady one. The typical home value sits around two hundred thousand dollars, up about 4 percent over the past year, so prices are still climbing, just at a calm pace. There are roughly one thousand one hundred homes for sale, with about 480 new listings coming on this month, which gives buyers real choice. And here is the tension. The median list price is about two hundred forty-three thousand dollars, well above the typical value, so plenty of sellers are aiming high. Nearly one in five listings has already taken a price cut. Put it together. Buyers have options and time, so an overpriced home will sit for weeks and then cut. The sellers actually getting deals done are the ones pricing close to reality from day one. If you are thinking about listing in Tulsa, let your home's value, not your neighbor's asking price, set your number.