Owasso, OK Housing Market Analysis

Here is a look at the Owasso, OK housing market as of January 25, 2021.

Owasso Real Estate Market 2021-01-25

The following graph shows the change in the 3-month absorption rate over the past twelve months for single-family homes (i.e., houses) in Owasso, OK.

Owasso Absorption Rate vs Time Graph January 2021

This article is a real estate market analysis for single-family homes in Owasso, Oklahoma for the period from October 25, 2020 through January 25, 2021. It is an analysis of trends and shifts in the real estate market for houses in the City of Owasso in the Owasso Public School District since the previous month (December 2020).

This post is a study of the supply and demand for single-family homes, an analysis of the housing market for houses, using MLS statistics for houses (single-family homes) to show:

1) the hotness index for houses, calculating the ratio between active and pending MLS listings;
2) the velocity of the real estate market, showing how many houses are selling each month or the rate of sales for single-family homes;
3) the 3-month absorption rate, showing the current supply of houses on the market or how long it will take to sell all the houses currently on the market (assuming no other single-family homes come on the market);
4) the odds of selling over the next 90 days, using the absorption rate and comparing it to all the rooftops in the market (the active, pending, closed, expired, released and withdrawn listings in the MLS).

This analysis will show the market trends in order to spot shifts in the market. Graphs show the change in the 3-month absorption rate and show whether a particular price point is in a buyer’s market or a seller’s market.

Debbie Durkee can send you the raw data that went into the above market analysis. The data comes from what we call a comparative analysis.

To search for homes for sale (single-family houses for sale) in Owasso Schools, go to Homes for Sale in Owasso Public Schools

To search for homes for sale (single-family houses for sale) in the City of Owasso, go to Homes for Sale in the City of Owasso, OK

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Furthermore, if you are interested in selling your Owasso home and choose to list with Debbie, she will provide a detailed analysis of the market in your neighborhood or school district so that you can decided the best list price for your home, so it will sell.

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