February Real Estate for Edmond


Home sales for the Edmond area are up again with a 31% increase for year to date sales over 2011 with 448 closed sales for the first two months. That is also an increase over the first two months for the last four years.
Up 31% compared to 2011
Up 39% compared to 2010
Up 35% compared to 2009
up 7% compared to 2008
and only down 2% compared to the record year of 2007

We are also at a 6 year high for February for the number of homes under contract.

New home sales were also up over 2011 by 19%. and new homes under contract for February matched recored year 2007, February pending sales with 197 homes under contract waiting to close.

Active listing took a small increase but that is expected this time of year. But new homes between $400,000 and $450,000 saw a 56% increase in homes on the market from January. On the other hand new homes between $150,000 and $200,000 saw a 71% increase from January in the number of homes under contract.

Let us keep it up for the rest of the year!

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Brian Preston