September fell short of last year by 43 transactions or down 11% in closed sales. Bring our Year to date Closings up 4% or 131 more closed deals then last year.
Active Listings dropped only 14 but at least they went down and not up. It is also down from this time last year by 41 fewer listings. But it is up between 250 and 550 more homes on the market then we saw for the years between 2012 and 2015.
It is a strange market this year with some homes or price ranges going like crazy and other homes or price ranges sitting and not selling or even being looked at. I hear a lot of people in the business talking like they did in 2006 of how bad the market is. We do have more inventory than in the past, which is taking longer and have to be better priced than usual. But unlike other down years the sales have not dropped.
Below is a comparison of this year to our top and bottom years for the last ten years. 2010 was our bottom year for both sales number and Closed sales volume. 2014 was our top and record year for number of closed transactions, and 2015 was our record year for closed sales volume. These number for every year was Year to date numbers through the end of September of that year.
Active Listing Closed Transactions Average Price Sales Volume
2010 1698 2310 $234,089 $540,745,590
2014 1158 3395 $270,524 $918,428,980
2015 1449 3416 $285,773 $976,200,568
2017 1701 3384 $276,294 $934,978,257
Only 11 closed transactions off from 2014 and 32 off from 2015 but over a 1000 more than a down year like 2010.
Sales volume we were ahead of 2014 by 16.5 million but behind to 2015 by over 41 million. 2014 was the bigger closed number because of a fantastic October, 2015 out preformed 2014 in November and December but came up short to 2014 record numbers. We are not far behind either of these years in closings.
The big difference is active listings. We are not as high as 2008 and 2009 when we were flirting with hitting 2000 homes on the market but way up compared to a few years ago.
Another stat just like in 2006 is the number of Realtors in the business. Not as bad percentage as 2006 when we went form 500 to 600 Realtors, But this time last year the Edmond Board of Realtors had 744 Realtor members and as of today they have 835 Realtor Members. Which spreads the numbers out between more people and distorts what think of the market.
All that with numbers it is still strange, when I hear one realtor say they have a $175,000 in Edmond sitting and not selling, and another a 1.3 million dollar buyer finally decides to make an offer and their top two picks went under contract that week.
To check out the numbers click Below
The Preston Report for September 2017