Merry Christmas to you all!!
We are coming to the close of another year and we do not even have to wait for the last month of stats. We have set a new record for the number of sales in the Edmond market area!
Last year's record of 3792 sales has already been broke with 3875 closings through the end of November. And we came very close to passing the Billion dollar milestone as well -- just shy of $995 Million.
November itself was down 25 sales from last November, only the second month this year to miss last year's mark. I was surprised we matched October's super preformance last year, so I am not surprised about November falling short.
2012's fourth quarter was unbelievable. We may not be matching it but this years fourth quarter is blowing away the fourth quarters from the previous four years before 2012.
We are up 11.25% for year-to-date sales over last year which is 392 more homes closed so far.
November was a very strong month for the over $500,000 price range with 26 closing in that price range and four of those over a million dollars.
Listing inventory is still down. Most of these drops are in the price ranges below $175,000. If you look at the graphs, active listings in those price range have been in a free fall since last year. The high summer months' inventory didn't even get close to last year's fall numbers. We are getting close to 2005 numbers in the way of inventory.
A sign for a good start for 2014 is that pending numbers are still at a all time high. So lets finish off this year with a bang and get started with 2014!!
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