The Colony Residential Home Sales For November 2016 Lower 9.3%

By
Real Estate Broker/Owner with DFW Team Realty
November 2016 Real Estate Market Summary for The Colony, TX (MLS Area 9)
  Month Year to Date
  2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 43 39 -9.3 517 548 6.0
Closed Sales (Projected) 43 44 1.9 517 553 6.9
Listings Under Contract 40 37 -7.5 543 558 2.8
Average Sales Price $217,648 $244,342 12.3 $202,925 $240,056 18.3
Median Sales Price $200,000 $225,000 12.5 $190,000 $223,000 17.4
Percent of Original Price Received 97.3 98.9 1.6 99.8 99.5 -0.3
Days on Market Until Sale 28 21 -22.7 21 21 -2.7
Inventory of Homes for Sale 60 600.0        
Months Supply of Inventory 1.3 1.2 -6.4      

The number of reported houses sold this month underwent a dip of 9.3% from last year, with 39 sold total. The number of houses sold year to date in The Colony was higher 6% from the same month 2015, with 548 houses sold this year. The number of projected homes sold in November 2016 reached 44 total, an increase of 1.9%. In The Colony projected real estate sales year to date was at 553 total, an uptick of 6.9%. In The Colony there was a gain of 2.7% in newly listed houses in the market this month. There were 38 newly listed houses in the market total this month. Year to date the number of newly listed houses was 632 total, a rise of 0.3%. There was a dip of 7.5% in homes listed under contract this month from November last year. There were 37 homes listed under contract total this month. Year to date there were 558 listings under contract in The Colony, and this was a growth of 2.8% from last year. In November 2016 in The Colony approximate months supply of houses on the market showed a decrease of 6.4%, with 1.2 months of supply total. There was no difference in properties for sale in November 2016. There were 600.0 properties for sale total this month. In The Colony there were 21 days on market until sale this month, which was a down-slide of 22.7% relative to 2015. In November 2016 the total percent of list price received was 98.9 total, a growth of 1.6%. Percent of original asking price received year to date saw a decrease of 0.3%, with 99.5 percent total this year.

Click here to view homes in The Colony.

 

Comments (0)