To Log in or Sign Up for My Property FinderClick Here

Brian Preston

Mobile Phone: (405) 826-5725
Send me an Email

My Blog

March 2017 Preston Report


Active listing hold steady compared to this time last year. Pending contracts are up 6.8% from February and up almost 10% from March last year. So contracts are up which will help closing numbers soon.

Closed transactions for the first quarter were up 27 transactions or 3.3%.

New home listings are down from last year which they needed to be. Pending contracts are up from last year, but way behind the previous three years at this time. And which shows in closed deals as they are still down from last year.

Some price ranges saw some big jumps this month in pending contracts like the $500,000 to $700,000 that saw a 36.8% rise in contracts from last month.


Click here for The Preston Report

February 2017 Preston Report


As has been the case for the last few years, we roller coaster the beginning months. January was down, but February was better than last year to bring us back to last years numbers. Actually two transactions better. Pending numbers went up as well by almost 150.

Active Listings went up as well for the entire market. Up 6% from last year and from last month. Most of the increase was above the $300,000 price range. The $150,000 to $175,000 range actually had a 38% decrease in number of active listings. Which made the absorption rates change quite a bit in some price ranges.

New homes on the other hand dropped 7% in number of active listings from last month. 35 fewer active listings. But unlike the resale market the pending sales are down from this time last year.

We will have to watch the Active market and see how that goes this year and how it will effect supply and demand.


Click Here for the Report

January 2017 Preston Report


January starts off slow for closings, down 21 transactions from last year or down 8.6% which could be seen with pending numbers for December down 14% from the year before. Good news is this month pending sales are only 2.5% to this time last year.

Active listing are up 6.1% or 90 more listings than last year. Holding more steady this year being that is up 34.1% over two years ago.

New homes sales had the best January in three years. That is not much in total sales being it is January, but it bucked the trend of new home sales slacking compared to existing home sales. This month it was the existing falling back from last year and the new improving.

Some price ranges saw some good rises in pending sales or percentages. Like new homes from $450-500k and $500-700k doubled and tripled in pending. And total sales in the price range of $225-250k also doubled from 28 to 56 pending sales.

With Pending sales back up maybe we will keep the trend the first five months of up and down sales to counter act this first month.

Click here for The Preston Report

December 2016 Preston Report


The year was not as down as most think. Some call it a buyers market and others still a sellers market. It depends on the price range and area, but over all we have a balanced market.

2016 saw a 3.73% drop in closed sales from 2015. Most of this came from new construction which new home sales were down 12% for the year. The fourth quarter finished strong giving a little rebound. New homes sales were down 19% for YTD before the fourth quarter.

Active listing fell again in December keeping with tradition cycles of listing numbers falling leading into winter. Which did not happen last year and they continued to rise during the fall and winter. They settle down to 1532 active listings from the high of 1800 in June of this year.

Pending listings are down as well but compared to previous years we are still seeing better closing numbers compared to pending contracts.

The higher end market was slow this year but December saw eight closed homes of over a million dollars for a total of 34 closed for 2016.

We were down 156 Transactions from last years 4313 closed deals. As compared to 2008 when we were down 511 transactions from 3746 closed deals in 2007. A lot fewer lost transactions from even a bigger previous year.

Click here to see the Report

November 2016 Preston Report


The fourth quarter is making a rebound.

November was up 19 transactions over last year or up 7.5%.  272 closings vs 253 for 2015. But it was also the best November since 2012. That brings the YTD sales down to only off 3.51% from last year.

New homes sales were also up for November. The best November for new homes in eight years if not more.

Active listings fell 16 listings, which is not the usual drip for this time of year. But better than last year when they were still rising. Pending number are still down but does not seem to effect closing numbers as much as they did in the past. Hopefully that trend will remain and more will make it to the closing table.

Absorption rates are still high in that new home price range of $250,000 to $300,000. most price ranges held steady this month. some of them had no changes at all active or pending.

Maybe with the elections over people are getting back to buying. but then again the last two months of home sales were under contract before the election. Hopefully December will follow in the small up swing for he fourth quarter.

Have a Merry Christmas and a Happy New Year.

Click here for the Preston Report


October 2016 Preston Report


October out preformed last year by 14 transactions for an increase of 4.5% in closed sales.

This brings our year to date sales to down 4.18% or down 156 transactions from last year, from 3726 to 3570 for 2016.

Active listings is down 4% from last month. which is good to see it still falling if even only a bit.

I read this week that pending real sales nation wide was up 1.8%. We usually are ahead of nation numbers, but not in this case. Edmond is down 26% compared to the same time last year. Of course I am taking this as good news. Because closed sales is only off 4% which tells me more of or contracts are making it to the closing table. This trend has been improving for two years now.

New Home Pending sales is also down 26% to match the existing market.

To check out the numbers click below

October 2016 Preston Report

September 2016 Preston Report


September sales matched September of last year. With over four hundred closings for the month. It still leaves use down 5% for the year or down 174 transactions from last year.

Active listings held steady compared to last month. But pending sales are down from not only last month but from last year. The good news is that even though pending sales were down from last year we had the same number of closings. More deals are making it to the table.

It will be interesting to see how our fourth quarter does this year. We have had years where we were on track the first nine months, and set records and fell apart in the fourth quarter. Of course I do not see a record year coming this year, But hopefully it will be steady like September.


Click here for the Preston Report

August 2016 Preston Report


Edmond area sales down 2.98% for August. The third month in a row for sales to drop. We are down 185 transactions from this time last year or down 6.14% in closed transactions. The average sales price is also down $14,000 from last year. Our total sales volume is down for year to date almost $79 Million. We are still on track for breaking the Billion dollar sales volume but will fall short of the last couple years in volume. New homes sales are off even more. They are down 19% from last year.

We did see a drop in number of active listings from last month, even though we have 340 more listings than last year. But at least they are not still going up and following the fall usual of drop in listings.

This does not mean a buyers market just because we have a drop. This drop is off record setting years. It is turning into a normal market. With some price ranges and areas still a sellers market and some a buyer can work a deal. It is more important to price a property right in this market instead of trying for that better price.

Click Here to see August Numbers


July 2016 Edmond Stats


Edmond home sales dropped again in July. down 9.7% from last year a total of 46 fewer homes sold this year for that month.

Bringing the year to dates sales short 204 closed deals compared to 2015, down 7.8% for the year.

Active listings held steady this month. That is the first time in a year that they did not increase.

We should easily break the billion dollar volume mark again this year with the average price holding steady.

the $500,000 to $700,000 had an up swing in July closings, overall and new homes.

To see all the numbers click below

July 2016 Preston Report

June 2016 Preston Report


June saw another down month compared to last year. Sales for June fell 11% from last June. Bringing the YTD total sales down 5.5%. A total of 114 transactions short. The active listing market is up as well. there are 30.7% more homes on the market compared to this time last year.


The big increase in listing came in the $275,000 to $300,000 prince range. It had an increase of 14% in listings just from last month. Making most the absorption rates to rise.

The number of pending sales also dropped both from last month and last year.

Click here for the Preston Report

Page:  of 000  |    

© 2001-2017 Reliance Network and RE/MAX Oklahoma. All rights reserved. US Reg. Copyright TX-5-910-991, TX-5-910-992, TX-5-910-993, and TX-5-910-994.
Each RE/MAX® Office is Independently Owned and Operated. Equal Housing Opportunity.

The Miracle Home® Program, exclusive to RE/MAX LLC., allows a RE/MAX Associate to make a donation on behalf of each transaction to Children's Miracle Network. The partnership underscores Sales Associate involvement in the communities in which they live and serve. RE/MAX Sales Associates are unique in that a majority of the donations received by Children's Miracle Network from RE/MAX are the result of Associates, hard work rather than solicited from customers.

 Site Map