A house on 5 to 20 acres is what I call a hobby farm. How many are available for sale within a 60-mile radius of Tulsa, roughly an hour from the point at which the Broken Arrow Expressway crosses I-44?
How many hobby farms within commuting distance of Tulsa are selling each month?
The ratio between the active listings and the monthly sales velocity is what is called the absorption rate. In other words, given the active listings and the number of homes on 5 to 20 acres sold over a 3-month period gives a 3-month absorption rate showing how many months it would take to sell all the homes available in a that market.
With existing homes, a balanced market is a 6-month supply of homes. Anything below that is a sellers’ market. Above 6 months is considered to be a buyers’ market.Historical Absorption Rate vs Time Graph 5 to 20 Acres Feb 2021
The above graph shows the change in the 3-month absorption rates for hobby farms within an hour of Tulsa during the time period from May 2017 to February 2021 (45 months).
The graph indicates that the absorption rates at the price points below $400,000 have remained consistently under a 6-month’s supply, which means the sellers have been in control in price points under $400,000.
The 3-month absorption rates at price points above $400,000 have gone up and down over the past four years, especially at the price point over $600,000.
Debbie Durkee can send you the raw data that went into the above market analyses. The data comes from what we call a comparative analysis for each month.
To see the graphs for the past twelve months online, please go to Houses on 5 to 20 Acres (Hobby Farms) within 60-mile Radius of I-44 and the Broken Arrow Expressway — Hobby Farms — Absorption Study
If you are a buyer looking for a house on 5 to 20 acres within an hour of Tulsa, within a 60-mile radius of Tulsa, or searching for Country Estates (houses on 5 to 20 acres) within commuting distance of Tulsa, go to Tulsa Hobby Farms — Houses on 5 to 20 Acres — Housing Market Analysis
To search for hobby farms, lifestyle farms,country estates or single-family houses on 5 to 20 acres for sale within commuting distance of Tulsa, Oklahoma, go to Tulsa Hobby Farms for Sale — Houses on 5 to 20 Acres within 60 miles of Tulsa
Copyright © 2020 Deborah M. Durkee. ALL RIGHTS RESERVED — The Market for Hobby Farms Within Commuting Distance of Tulsa
Furthermore, if you are interested in selling your 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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