The Tulsa real estate market is always evolving, and knowing what’s happening right now can make all the difference—whether you’re buying, selling, or just keeping an eye on trends. At The Wolek Group, Keller Williams Realty, we track the market so you don’t have to. Let’s break down what the latest numbers from January 2025 mean for you.

A Seasonal Shift in Closings

You may already know that real estate follows seasonal trends, and the start of the year is no exception. In December 2024, 920 homes sold in Tulsa, but January 2025 saw a slight dip to 820. This slowdown is typical after the holidays, as many buyers and sellers hold off until the new year to make their move.

Pending Sales Are on the Rise

Now, here’s where it gets interesting: While closings dipped, pending sales (homes under contract but not yet closed) jumped significantly. December saw 889 pending sales, while January surged to 1,066. What does that tell us? Buyers are coming back into the market, and we’re likely to see increased activity in the coming months.

More Homes Hitting the Market

For a while now, low inventory has been a challenge, but things are shifting. December saw 1,028 new listings, and in January, that number jumped to 1,503. This means more choices for buyers and a prime opportunity for sellers before the busy spring market kicks in.

Homes Taking a Bit Longer to Sell

Here’s something you might not have considered: In December, homes sold in about 42.72 days on average. By January, that number increased to 47.99 days. This slight uptick tells us that pricing and marketing strategies matter now more than ever. Getting the right guidance can make all the difference.

Pricing Trends: A Slight Dip

If you’ve been wondering about home prices, here’s what we’re seeing: The average list price in December was $308,500, adjusting slightly to $302,000 in January. The average sold price followed a similar trend, moving from $301,366 in December to $295,600 in January. And the list-to-sale price ratio? A small shift from 98.16% in December to 97.81% in January.

What This Means for You

The numbers tell a story: Buyers are returning, more homes are hitting the market, and pricing remains competitive. Thinking about selling? Now’s the time to get ahead of the spring rush. Looking to buy? More inventory means more options and opportunities.

Real estate is hyper-local. Market conditions vary by neighborhood, and that’s why working with a trusted team matters.

Let’s Talk About Your Next Move

If moving is even a possibility for you in 2025, let’s get ahead of the game. The earlier we strategize, the better positioned you’ll be. Reach out today, and let’s discuss your goals—because in real estate, timing is everything.

???? Contact The Wolek Group, Keller Williams Advantage to get started!

Stay tuned for next month’s update, and as always, we’re here to help you navigate the Tulsa real estate market with confidence!