Princeton Property Sales For February 2016 Are Down 13.3%

February 2016 Real Estate Market Summary for Princeton, TX
Month Year to Date
2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 15 13 -13.3 26 25 -3.8
Closed Sales (Projected) 15 15 -2.6 26 27 2.3
Listings Under Contract 12 22 83.3 33 44 33.3
Average Sales Price $153,501 $155,488 1.3 $158,184 $156,278 -1.2
Median Sales Price $160,000 $155,000 -3.1 $158,985 $155,000 -2.5
Percent of Original Price Received 97.4 98.0 0.6 95.7 98.2 2.6
Days on Market Until Sale 34 9 -73.9 42 20 -51.6
Inventory of Homes for Sale 21 38 81.0
Months Supply of Inventory 1.2 2.3 88.1

This month there was a drop of 13.3% in the number of properties sold relative to February last year. There were 13 properties sold total this month. In Princeton year to date the number of housing sales had a slump of 3.8% relative to 2015, with 25 sold total this year. In Princeton projected real estate sales this month saw a dip of 2.6%, with 15 projected real estate sales total this month. Year to date projected homes sold had a climb of 2.3%, with 27 projected total this year. In February 2016 the number of new housing units was at 41, a climb of 156.3%. Year to date new properties listed in the market had an uptick of 77.8%, with 64 newly listed total this year. This month there were 22 homes listed under contract, which was a hike of 83.3% from February last year. Year to date there were 44 units listed under contract, and this was a climb of 33.3% relative to last year. There were 2.3 approximate months supply of housing units on the market this month, which was an increase of 88.1%. Residential properties for sale in Princeton in February 2016 saw a gain of 81%, with 38 residential properties for sale total this month. In February 2016 there was a decline of 73.9% in the number of days on market until sale compared to the same month 2015. There were 9 days on market until sale total this month. The total percent of original asking price received in Princeton in February 2016 had a gain of 0.6%, with 98.0 percent total. In Princeton percent of list price received year to date was 98.2, a gain of 2.6%.

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Princeton Texas Real Estate February 2016

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