The Colony Home Sales For January 2017 Are Up 35.5%

By
Real Estate Broker/Owner with DFW Team Realty
January 2017 Real Estate Market Summary for The Colony, TX (MLS Area 9)
  Month Year to Date
  2017 2016 % Change 2017 2016 % Change
New Listings 54 40 -25.9 54 40 -25.9
Closed Sales (Reported) 31 42 35.5 31 42 35.5
Closed Sales (Projected) 31 47 52.2 31 47 52.2
Listings Under Contract 49 43 -12.2 49 43 -12.2
Average Sales Price $211,162 $234,877 11.2 $211,162 $234,877 11.2
Median Sales Price $200,000 $219,900 9.9 $200,000 $219,900 9.9
Percent of Original Price Received 98.6 97.9 -0.7 98.6 97.9 -0.7
Days on Market Until Sale 31 32 1.8 31 32 1.8
Inventory of Homes for Sale 59 38 -35.6      
Months Supply of Inventory 1.2 0.8 -38.4      

In January 2017 in The Colony the number of residential property sales recorded saw an uptick of 35.5% relative to January last year, with 42 sold total. Year to date houses sold was higher 35.5% compared to 2016, with 42 houses sold total this year. In January 2017 projected houses sold had a hike of 52.2%, with 47 projected total. Year to date in The Colony projected housing units sold had an improvement of 52.2%, with 47 projected total this year. In The Colony the number of newly listed houses in the market this month was at 40 total, a drop of 25.9%. In The Colony there were 40 new houses year to date, which was a dip of 25.9%. Homes listed under contract in The Colony in January 2017 sunk 12.2% from January 2016, with 43 homes listed under contract this month. Year to date the number of listings under contract reached 43 total, a slump of 12.2% from 2016. This month approximate months supply of inventory in The Colony reached 0.8 total, a dip of 38.4%. The number of residential properties for sale in the market in January 2017 in The Colony fell 35.6%, with 38 residential properties for sale in the market this month. The number of days on market until sale in The Colony in January 2017 reached 32 total, an increase of 1.8% from last year. This month percent of list price received was 97.9, a drop of 0.7%. Percent of original asking price received year to date was lower 0.7%, with 97.9 percent of original asking price received this year.

Click here to view homes in The Colony.

 

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Bob Baesmann

DFW Team Realty | 972-978-8800
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