Lucas Housing Sales For November 2016 Are Higher 11.5%

November 2016 Real Estate Market Summary for Lucas, TX (MLS Area 52)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 26 29 11.5 354 336 -5.1
Closed Sales (Projected) 26 33 25.3 354 340 -4.1
Listings Under Contract 19 21 10.5 362 351 -3.0
Average Sales Price $385,344 $518,372 34.5 $464,634 $529,184 13.9
Median Sales Price $325,000 $406,000 24.9 $396,250 $456,750 15.3
Percent of Original Price Received 98.4 94.5 -4.0 97.2 97.4 0.2
Days on Market Until Sale 19 46 142.5 42 43 2.2
Inventory of Homes for Sale 94 108 14.9
Months Supply of Inventory 3.0 3.5 17.7

This month there were 29 houses sold, and this was a rise of 11.5% compared to last year. In Lucas year to date the number of reported homes sold was at 336, a drop of 5.1% compared to the same month last year. Projected properties sold in November 2016 had a climb of 25.3%, with 33 projected total. Year to date there was a decline of 4.1% in projected housing units sold in Lucas. There were 340 projected housing units sold total this year. In Lucas in November 2016 newly listed homes saw a gain of 30%, with 39 newly listed homes total this month. There were 483 newly listed houses in the market year to date, and this was a climb of 0.8%. In Lucas there was an uptick of 10.5% in houses listed under contract in November 2016 from 2015. There were 21 houses listed under contract total this month. Properties listed under contract year to date showed a down-slide of 3% from 2015, with 351 on contract total this year. In Lucas in November 2016 months supply of residential housing inventory was higher 17.7%, with 3.5 months supply of residential housing inventory this month. This month homes for sale in the market had an increase of 14.9%, with 108 listed in the market total. In November 2016 the number of days on market until sale in Lucas grew 142.5% in contrast to the same time of year last year, with 46 days on market until sale total this month. In Lucas this month percent of original list price received reached 94.5, a fall of 4%. Percent of original asking price received year to date in Lucas was at 97.4, an increase of 0.2%.

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Lucas Texas Real Estate November 2016


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