Little Elm Home Sales For January 2017 Are Up 12%

By
Real Estate Broker/Owner with DFW Team Realty
January 2017 Real Estate Market Summary for Little Elm, TX (MLS Area 31)
  Month Year to Date
  2017 2016 % Change 2017 2016 % Change
New Listings 193 285 47.7 193 285 47.7
Closed Sales (Reported) 117 131 12.0 117 131 12.0
Closed Sales (Projected) 117 147 25.8 117 147 25.8
Listings Under Contract 173 192 11.0 173 192 11.0
Average Sales Price $268,601 $297,403 10.7 $268,601 $297,403 10.7
Median Sales Price $253,292 $262,990 3.8 $253,292 $262,990 3.8
Percent of Original Price Received 96.8 97.1 0.3 96.8 97.1 0.3
Days on Market Until Sale 43 49 13.9 43 49 13.9
Inventory of Homes for Sale 335 404 20.6      
Months Supply of Inventory 1.9 2.0 6.4      

Recorded units sold this month was higher 12% from January 2016, with 131 recorded units sold total this month. The number of home sales in Little Elm year to date was higher 12% in contrast to the same period last year, with 131 home sales total this year. There was a hike of 25.8% in the number of projected residential property sales this month. There were 147 projected residential property sales total this month. Year to date there were 147 projected homes sold in Little Elm, and this was a climb of 25.8%. The number of new properties listed in Little Elm in January 2017 had an uptick of 47.7%, with 285 newly for sale total. In Little Elm year to date the number of newly listed properties was higher 47.7%, with 285 newly listed properties total this year. In Little Elm housing units listed under contract this month was at 192, a growth of 11% compared to the same period last year. Year to date in Little Elm contract listings was up 11% in contrast to 2016, with 192 contract listings this year. This month the number of months supply of homes on the market had a rise of 6.4%, with 2.0 months supply total. This month there were 404 houses for sale on the market in Little Elm, and this was a hike of 20.6%. This month days on market until sale showed an uptick of 13.9% in contrast to the same month 2016, with 49 days total. In January 2017 percent of asking price received was 97.1 total, an improvement of 0.3%. In Little Elm percent of asking price received year to date reached 97.1, a gain of 0.3%.

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Bob Baesmann

DFW Team Realty | 972-978-8800
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