Pilot Point Residential Home Sales For January 2017 Are Up 61.5%

January 2017 Real Estate Market Summary for Pilot Point, TX (MLS Area 31)
Month Year to Date
2017 2016 % Change 2017 2016 % Change
New Listings 123 129 4.9 123 129 4.9
Closed Sales (Reported) 52 84 61.5 52 84 61.5
Closed Sales (Projected) 52 94 81.5 52 94 81.5
Listings Under Contract 115 114 -0.9 115 114 -0.9
Average Sales Price $265,973 $298,242 12.1 $265,973 $298,242 12.1
Median Sales Price $197,950 $269,000 35.9 $197,950 $269,000 35.9
Percent of Original Price Received 97.7 95.9 -1.9 97.7 95.9 -1.9
Days on Market Until Sale 49 66 34.3 49 66 34.3
Inventory of Homes for Sale 201 239 18.9
Months Supply of Inventory 2.3 2.2 -3.0

This month home sales in Pilot Point saw an increase of 61.5% relative to last year, with 84 sold total. Year to date there was a climb of 61.5% in the number of home sales in contrast to January 2016. There were 84 home sales total this year. In Pilot Point the number of projected housing sales in January 2017 was higher 81.5%, with 94 projected housing sales this month. In Pilot Point there was a climb of 81.5% in projected housing sales year to date. There were 94 projected housing sales this year. There was a growth of 4.9% in new homes for sale this month. There were 129 new homes for sale total this month. Year to date the number of new houses in the market was 129 total, a rise of 4.9%. In January 2017 listings under contract was 114, a decrease of 0.9% from January last year. Year to date there was a drop of 0.9% in contract listings from 2016. There were 114 contract listings this year. This month there were 2.2 months supply of properties on the market in Pilot Point, and this was a dip of 3%. Housing units for sale on the market this month in Pilot Point saw an uptick of 18.9%, with 239 housing units for sale on the market total this month. In Pilot Point this month days on market until sale was up 34.3% from the same month last year, with 66 days on market until sale this month. This month in Pilot Point percent of original asking price received showed a decrease of 1.9%, with 95.9 percent total. Year to date the number of percent of original list price received went down 1.9%, with 95.9 percent of original list price received total this year.

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Pilot Point Texas Real Estate January 2017

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