Pilot Point, Texas home sales gain 7% this month

There were 76 houses sold in Pilot Point this month, which is a 7% increase from a month ago. Cumulatively this year, home sales gained 3% compared to the same period last year, with 1,008 properties sold during 2015.

Overall this year, new real estate listings are at 1,307 in all, which is a 7% rise from last year. There were 84 new home properties listed in December 2015, a 56% growth from a month ago. Year-to-date there have been 1,051 listed houses under contract overall, which is a 5% upturn relative to the same period last year. Listed houses under contract this December in Pilot Point decreased 4%, with 54 properties currently listed under contract in December of this year. The average sales price in Pilot Point gained 4% this month . In total for this year, housing sales grew 9% compared to the same period last year, the average sales price being $228,901.

The average percentage of original list prices received year-to-date is 97%, which is a 0% surge relative to the same period last year. Buyers received 97% of their listed price in December 2015, which is a 0% growth from last month. The days on market until sale in Pilot Point dipped 50%, at 33 days on market until sale. Days on market until sale year-to-date went down 25% compared to the same month last year, at 41 days on market until sale. During December, the current supply of active listings on the market for houses in Pilot Point was 201 houses, a 15% rise from the previous month.The month supply of houses this month in Pilot Point grew 11%, with a 2.3 month supply of homes on the market.

MLS Area 31 is the Multiple Listing Service Access number for Pilot Point, as designated by the North Texas Real Estate Information System. There are 13 counties and two major metropolitan areas in The DFW metroplex – Dallas-Plano-Irving and Fort Worth – which cover over 9,000 square miles. The DFW metroplex is sixth largest by Gross Metropolitan Product in the United States, and is about tenth largest by GMP in the world. DFW is, by population, the largest metropolitan area in Texas, the largest in the South, the fourth largest in the United States and the tenth-largest in the Americas.

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Pilot Point Texas Real Estate December 2015


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