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Little Elm Residential Property Sales For February 2016 Higher 32.8%

By
Real Estate Broker/Owner with DFW Team Realty
February 2016 Real Estate Market Summary for Little Elm, TX (MLS Area 31)
  Month Year to Date
  2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 134 178 32.8 243 295 21.4
Closed Sales (Projected) 134 200 49.3 243 317 30.5
Listings Under Contract 170 233 37.1 319 412 29.2
Average Sales Price $243,188 $268,764 10.5 $241,892 $268,699 11.1
Median Sales Price $220,250 $245,544 11.5 $220,988 $250,000 13.1
Percent of Original Price Received 98.0 97.6 -0.4 97.5 97.3 -0.3
Days on Market Until Sale 38 42 11.8 45 43 -4.9
Inventory of Homes for Sale 268 329 22.8      
Months Supply of Inventory 1.7 1.8 2.9      

The number of home sales reported in February 2016 underwent a climb of 32.8% compared to last year, with 178 sold total. In Little Elm the number of real estate sales reported year to date underwent a growth of 21.4% from 2015, with 295 sold total this year. In February 2016 there were 200 projected residential property sales, which was a climb of 49.3%. The number of projected residential property sales year to date experienced a rise of 30.5%, with 317 projected total this year. New properties listed in the market in February 2016 in Little Elm was higher 72.2%, with 279 new properties listed in the market this month. In Little Elm there were 472 new homes listed year to date, which was an uptick of 33.3%. The number of listings under contract this month rose 37.1% from the same time of year last year, with 233 listings under contract total this month. Contract listings year to date reached 412 total, a climb of 29.2% from last year. This month there was a climb of 2.9% in the number of months supply of housing units on the market in Little Elm. There were 1.8 months supply of housing units on the market total this month. This month the number of units for sale was higher 22.8%, with 329 units for sale total this month. The number of days on market until sale this month was 42 total, a growth of 11.8% relative to last year. Percent of list price received in Little Elm this month was lower 0.4%, with 97.6 percent of list price received total this month. The number of percent of asking price received year to date showed a drop of 0.3%, with 97.3 percent total this year.

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