Real Estate Analysis and Commentary in Tulsa

October Tulsa MSA stats from the Greater Tulsa Association of REALTORS show that sales slipped slightly over last October while new listings increased, median sales price increased, and months supply of inventory increased. With the increase in supply and decrease in sales, it is no surprise MSI increased. We are still experiencing low inventory levels. This time of the year (November & December) is typically the slower part of the market until after the first of the new year. As rates continue to be in the 7%+ range, with inventory levels potentially increasing over the next couple of months, look for sales to continue to slow until rates drop.