Little Elm Home Sales For November 2016 Higher 20.3%

By
Real Estate Broker/Owner with DFW Team Realty
November 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) 133 160 20.3 1975 2246 13.7
Closed Sales (Projected) 133 180 35.2 1975 2266 14.7
Listings Under Contract 184 147 -20.1 2071 2290 10.6
Average Sales Price $272,576 $286,703 5.2 $257,256 $284,000 10.4
Median Sales Price $249,983 $256,850 2.7 $235,000 $258,000 9.8
Percent of Original Price Received 97.3 96.9 -0.5 98.3 97.9 -0.4
Days on Market Until Sale 40 38 -4.4 36 38 6.0
Inventory of Homes for Sale 374 423 13.1      
Months Supply of Inventory 2.1 2.1 -0.0      

Home sales in November 2016 went up 20.3% from last year, with 160 home sales total this month. Year to date the number of real estate sales reported in Little Elm underwent an increase of 13.7% from 2015, with 2246 sold total this year. There were 180 projected homes sold in November 2016, and this was a growth of 35.2%. Year to date projected property sales in Little Elm was 2266, a gain of 14.7%. In Little Elm there was a decrease of 4.6% in the number of new houses in the market in November 2016. There were 185 new houses in the market total this month. Year to date new properties in the market in Little Elm was at 2873 total, a gain of 12.2%. Houses listed under contract this month was down 20.1% compared to last year, with 147 houses listed under contract this month. There was a growth of 10.6% in the number of contract listings year to date compared to November last year. There were 2290 contract listings total this year. This month there were 2.1 months supply of property inventory, which was no difference. This month the number of homes for sale in the market was 423, a hike of 13.1%. Days on market until sale this month reached 38 total, a dip of 4.4% from 2015. In Little Elm in November 2016 percent of asking price received was down 0.5%, with 96.9 percent of asking price received this month. Year to date percent of original list price received in Little Elm reached 97.9, a down-slide of 0.4%.

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Bob Baesmann

DFW Team Realty | 972-978-8800
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