The Hayflick family has been considering moving from their home in Downtown Tulsa to a larger home on the outskirts of the city for quite some time. They are seeking a bigger home with a larger lot for their children to play in. The Hayflick’s are part of the increasing number of potential buyers who are helping to wake up the Tulsa real estate market.
After several years of home sale decreases, home sales have been up for over twelve months straight. And, across the board, signs have improved. Prices have been up considerably to an average of $163,000 and the Tulsa, OK area housing market inventory has shrunk to 10.2 months with contracts to sell.
These changes have begun to bring different conditions and expectations for sellers and buyers. They must now adjust their strategies from when few homes were changing hands.
Favorable Conditions: The president of the Greater Tulsa Association of Realtors® has recently noted that some things have become much easier for sellers; however, they still do not have the overall advantage. Currently, there are areas that are better for sellers and other areas that are better for buyers. Your local Tulsa, OK real estate professional will be able to tell you what is more favorable in each community.