Every Market Has a Season

Jul 5, 2022

Introduction

Understanding the seasonality of the housing market can be a crucial advantage for both buyers and sellers. In Tulsa, OK, like many other places, the real estate market has its own unique ebb and flow. Recognizing these seasonal trends can significantly impact the value and availability of properties, as well as the competitiveness of mortgage rates.

Why Seasonality Matters in Real Estate

  1. Price Fluctuations: Property values can change based on demand, which often varies by season.
  2. Inventory: The number of homes available for sale can vary considerably depending on the time of year.
  3. Mortgage Rates: Although less directly impacted by seasonality, mortgage rates can still fluctuate in sync with economic cycles, which often have a seasonal component.

Best Seasons to Buy

  1. Winter: Fewer buyers and less competition can lead to lower prices.
  2. Spring: A wider variety of homes are usually on the market, offering more choices.
  3. Summer: While competitive, you may find motivated sellers looking to move before the new school year.
  4. Fall: The market slows, and sellers who haven’t yet closed may be more open to negotiation.

Worst Seasons to Buy

  1. Peak Summer: High demand often leads to inflated prices.
  2. End of Fiscal Year: Some markets experience price hikes due to tax implications.

Factors to Consider in Tulsa, OK

  1. Local Market Conditions: Knowing the Tulsa market’s quirks can give you an edge.
  2. School Calendar: Homebuying tends to spike before the new school year, especially in family-oriented neighborhoods.

How Mortgage Seasons Affect You

  1. Rate Fluctuations: Mortgage rates may fluctuate based on economic indicators that are also seasonally affected.
  2. Loan Availability: Some loan types, like construction loans, may be more readily available in specific seasons.

Seasonal Homebuying Tips

  1. Get Pre-Approved: Regardless of the season, pre-approval strengthens your buying power.
  2. Work with an Expert: Engage a real estate agent and mortgage broker familiar with Tulsa’s seasonal trends.

About Kyle Bradley, Your Seasonal Market Expert in Tulsa, OK

Kyle Bradley | The Bowtie Lender VP Mortgage Banker
NMLS #488324
Kyle Bradley Mortgage
100 S. Riverfront Dr. Jenks, OK 74037
C: (918) 855-0494
E: [email protected]
www.kylebradley.com

Leveraging over 16 years of experience in the mortgage industry, my expertise extends to understanding the seasonal dynamics of the Tulsa real estate market. Whether you’re considering a conventional, jumbo, or new construction loan, I am here to guide you through the market’s seasonal nuances to help you make informed decisions. Feel free to reach out for any mortgage-related inquiries.

Contact Me for Personalized Advice

For customized advice tailored to your needs and the current season in the Tulsa, OK housing market, don’t hesitate to contact me at (918) 855-0494 or [email protected].