Princeton Property Sales For November 2016 Are Higher 80%

By
Real Estate Broker/Owner with DFW Team Realty
November 2016 Real Estate Market Summary for Princeton, TX
  Month Year to Date
  2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 20 36 80.0 193 312 61.7
Closed Sales (Projected) 20 40 102.2 193 316 64.0
Listings Under Contract 14 18 28.6 195 320 64.1
Average Sales Price $187,727 $202,504 7.9 $165,516 $195,428 18.1
Median Sales Price $183,500 $195,950 6.8 $160,000 $191,900 19.9
Percent of Original Price Received 94.3 98.4 4.4 97.3 98.6 1.3
Days on Market Until Sale 60 17 -71.1 29 21 -27.7
Inventory of Homes for Sale 35 27 -22.9      
Months Supply of Inventory 2.0 1.0 -49.2      

There was a climb of 80% in the number of homes sold this month in contrast to November 2015. There were 36 homes sold total this month. Year to date properties sold in Princeton experienced a climb of 61.7% from 2015, with 312 sold total this year. In November 2016 there were 40 projected property sales, and this was a rise of 102.2%. Year to date there were 316 projected houses sold, which was a hike of 64%. The number of new homes listed this month saw a fall of 9.1%, with 20 new on the market total. Year to date the number of new homes for sale saw an increase of 65.1%, with 388 new homes for sale this year. This month there were 18 homes listed under contract in Princeton, which was a growth of 28.6% from November last year. In Princeton contract listings year to date was at 320 total, a gain of 64.1% from 2015. In November 2016 months supply of inventory in Princeton was down 49.2%, with 1.0 months supply of inventory this month. There were 27 homes for sale in November 2016, which was a dip of 22.9%. In Princeton there was a drop of 71.1% in the number of days on market until sale in November 2016 relative to the same point in time 2015. There were 17 days on market until sale total this month. In Princeton the total percent of original list price received this month underwent a climb of 4.4%, with 98.4 percent total. In Princeton year to date percent of list price received experienced an increase of 1.3%, with 98.6 percent total this year.

Click here to view homes in Princeton.

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Texas Collin County Princeton
Tags:
princeton
home values
market reports
trends

Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
771,687

Bob Baesmann

DFW Team Realty | 972-978-8800
Ask me a question
*
*
*
*