Princeton Residential Home Sales For November 2016 Are Higher 80%

November 2016 Real Estate Market Summary for Princeton, TX
Month Year to Date
2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 20 36 80.0 193 312 61.7
Closed Sales (Projected) 20 40 102.2 193 316 64.0
Listings Under Contract 14 18 28.6 195 320 64.1
Average Sales Price $187,727 $202,504 7.9 $165,516 $195,428 18.1
Median Sales Price $183,500 $195,950 6.8 $160,000 $191,900 19.9
Percent of Original Price Received 94.3 98.4 4.4 97.3 98.6 1.3
Days on Market Until Sale 60 17 -71.1 29 21 -27.7
Inventory of Homes for Sale 35 27 -22.9
Months Supply of Inventory 2.0 1.0 -49.2

The number of properties sold this month in Princeton was at 36 total, a growth of 80% in contrast to the same month last year. In Princeton there were 312 real estate sales recorded year to date, and this was a hike of 61.7% relative to the same month last year. In Princeton there were 40 projected houses sold this month, which was a climb of 102.2%. In Princeton there was a hike of 64% in projected we buy houses properties sold year to date. There were 316 projected properties sold this year. Newly listed properties in the market in November 2016 experienced a fall of 9.1%, with 20 newly listed total. Year to date there was a growth of 65.1% in new homes in the market. There were 388 new homes in the market this year. In November 2016 the number of units listed under contract reached 18 total, an improvement of 28.6% relative to the same month last year. There was a climb of 64.1% in homes listed under contract year to date relative to 2015. There were 320 homes listed under contract total this year. In November 2016 there were 1.0 approximate months supply of inventory, and this was a fall of 49.2%. In Princeton homes for sale on the market this month underwent a drop of 22.9%, with 27 listed for sale total. In November 2016 the number of days on market until sale was 17, a decrease of 71.1% relative to last year. This month the total percent of original list price received in Princeton climbed 4.4%, with 98.4 percent of original list price received total this month. The number of percent of original list price received in Princeton year to date was 98.6, an uptick of 1.3%.

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Princeton Texas Real Estate November 2016

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