Home Sales Approach Record Levels

According to Greater Tulsa Association of Realtors President, Ron Sumner, residential home sales in April continued their climb back toward the record pace established in 2006. In almost all categories, listings and sales were higher during April than they were in March and higher than in April 2006.
Listings processed for the month of April were up 9.3 percent (2,376 vs. 2,173) compared to April of 2006, and down only slightly (+1.3%, 2,376 vs. 2,408) versus March 2007; year-to-date new listings are up slightly at 8,552.
The number of pending contracts (1,448) were up 3.9 percent (1,393) over the previous month and up 16.0 percent (1,248) over April a year ago. Residential closings during April 2007 (1,195) showed increases over the previous month (+7.5%, 1,112) and April 2006 (+5.3%, 1,135). Year-to-date closings (3,918) still trail 2006 (4,035) but the average year-to-date (146,125 vs. 141,792), the median price (125,000 vs. 121,000), and the total volume year-to-date (573,694,918 vs. 571,629,227) were all higher than the previous year.

The statistics are based on residential properties in the Tulsa MSA (Metropolitan Statistical Area), which is defined as a standard government based area. The Tulsa MSA currently includes seven counties: Tulsa, Creek, Osage, Rogers, Pawnee, Okmulgee, and Wagoner.

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