Central Oklahoma home sales slip but still outpacing 2012

Realtors say that even with a slowdown from August to September, sales are still ahead of last year. How they feel about it is something else.
BY RICHARD MIZE richardmize@opubco.com Modified: November 9, 2013 at 11:00 am •  Published: November 9, 2013
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Brian Preston, a Realtor in Edmond, has felt a slowdown in home sales.

Other Realtors have felt a slowdown.

Indeed, there was a slowdown from August to September, but that is not unusual. Area Realtors handled 1,691 sales in September, a 16-percent drop from 2,013 sales in August, according to the Oklahoma City Metro Association of Realtors.

But it was a smaller month-to-month drop than last year, when sales fell 25 percent from 1,922, in August to 1,442 in September, records show.

Home sales in September still beat sales in September 2012.

Year to year, what slowed down was the rate of increase, according to the Realtors and Preston's own Preston's Edmond Market Report.

“This is one of the reasons I do this report. Let the numbers speak for our market and not our feelings,” he wrote in a blog post. “I have slowed down. Feeling the slowdown and hearing everyone else talk about how slow the market has turned got me wondering if the market had dipped.”

No dip year over year. Edmond saw 361 homes sold in September, 69 more than in September 2012, an increase of 24 percent, Preston said.

Edmond still strong

Edmond also still outperformed the metro area as a whole. Realtors in the Oklahoma City area handled 1,691 home sales in September, compared with 1,442 in September 2012, a 17.3-percent increase, according to the Metro Association of Realtors.

“Of course, some will say, ‘Yeah that was September. What about October?' Well the numbers are not in yet, but we have 30 more homes under contract for this time of year than we did last year. So the pending contracts are still up,” Preston said.

Year to date, 3,283 houses were sold in Edmond through September, 415 more than the same period last year and an increase of 14.74 percent, Preston said.



This is one of the reasons I do this report. Let the numbers speak for our market and not our feelings.”

Brian Preston,
A Realtor in

Edmond

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