Pilot Point Residential Home Sales For December 2016 Up 24.4%

December 2016 Real Estate Market Summary for Pilot Point, TX (MLS Area 31)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
New Listings 85 78 -8.2 1309 1569 19.9
Closed Sales (Reported) 82 102 24.4 1042 1240 19.0
Closed Sales (Projected) 82 115 39.8 1042 1253 20.2
Listings Under Contract 52 88 69.2 1044 1285 23.1
Average Sales Price $214,097 $295,613 38.1 $228,818 $278,379 21.7
Median Sales Price $199,700 $270,250 35.3 $197,500 $230,000 16.5
Percent of Original Price Received 97.0 96.3 -0.7 97.3 97.5 0.2
Days on Market Until Sale 34 54 59.7 41 41 -0.8
Inventory of Homes for Sale 220 242 10.0
Months Supply of Inventory 2.5 2.3 -7.6

There were 102 houses sold this month, and this was an increase of 24.4% from December last year. Year to date in Pilot Point the number of home sales saw a climb of 19% in contrast to 2015, with 1240 home sales this year. In December 2016 there was a rise of 39.8% in projected houses sold. There were 115 projected houses sold total this month. There was an increase of 20.2% in projected housing sales year to date. There were 1253 projected housing sales this year. In December 2016 there was a decline of 8.2% in the number of newly listed units. There were 78 newly listed units total this month. The number of new housing unit listings year to date in Pilot Point had an increase of 19.9%, with 1569 new on the market total this year. The number of listings under contract this month in Pilot Point reached 88, a hike of 69.2% relative to 2015. The number of housing units listed under contract year to date was up 23.1% in contrast to the same time of year 2015, with 1285 housing units listed under contract total this year. The number of approximate months supply of inventory in December 2016 saw a dip of 7.6%, with 2.3 months supply total. Homes for sale in December 2016 was 242, an improvement of 10%. In Pilot Point days on market until sale this month showed an uptick of 59.7% from December last year, with 54 days total. In Pilot Point in December 2016 percent of asking price received was at 96.3, a decline of 0.7%. In Pilot Point the number of percent of asking price received year to date showed a rise of 0.2%, with 97.5 percent total this year.

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Pilot Point Texas Real Estate December 2016

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