Pilot Point Housing Sales For February 2016 Down 4.2%

February 2016 Real Estate Market Summary for Pilot Point, TX (MLS Area 31)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 71 68 -4.2 124 119 -4.0
Closed Sales (Projected) 71 76 7.6 124 127 2.7
Listings Under Contract 78 97 24.4 155 215 38.7
Average Sales Price $226,981 $246,215 8.5 $225,161 $251,162 11.5
Median Sales Price $202,473 $212,450 4.9 $201,975 $209,000 3.5
Percent of Original Price Received 95.7 97.1 1.4 96.0 97.4 1.4
Days on Market Until Sale 73 54 -26.4 70 50 -27.7
Inventory of Homes for Sale 153 195 27.5
Months Supply of Inventory 1.8 2.3 25.2

In February 2016, the best rated florida directory property sales reported experienced a dip of 4.2% relative to 2015, with 68 sold total. Year to date there were 119 housing sales reported in Pilot Point, which was a down-slide of 4% relative to the same month 2015. The number of projected home sales this month in Pilot Point saw a rise of 7.6%, with 76 projected home sales total this month. In Pilot Point there were 127 projected residential housing sales year to date, and this was a climb of 2.7%. There were 123 newly listed houses in the market this month, and this was an increase of 55.7%. Year to date there was a climb of 55.7% in the number of newly listed houses in the market in Pilot Point. There were 246 newly listed houses in the market total this year. This month there was a growth of 24.4% in the number of houses listed under contract in Pilot Point in contrast to 2015. There were 97 houses listed under contract total this month. Contract listings year to date was higher 38.7% relative to last year, with 215 contract listings this year. In Pilot Point there was an uptick of 25.2% in the number of months supply of houses on the market this month. There were 2.3 months supply of houses on the market total this month. The number of homes for sale in the market in February 2016 was 195, a climb of 27.5%. In Pilot Point there was a decline of 26.4% in the number of days on market until sale this month from the same period last year. There were 54 days on market until sale total this month. In February 2016 the total percent of original asking price received was at 97.1 total, an improvement of 1.4%. In Pilot Point year to date the number of percent of list price received was up 1.4%, with 97.4 percent of list price received this year.

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Pilot Point Texas Real Estate February 2016


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