Princeton Residential Housing Sales For January 2017 Up 16.7%

January 2017 Real Estate Market Summary for Princeton, TX
Month Year to Date
2017 2016 % Change 2017 2016 % Change
New Listings 23 19 -17.4 23 19 -17.4
Closed Sales (Reported) 12 14 16.7 12 14 16.7
Closed Sales (Projected) 12 16 31.1 12 16 31.1
Listings Under Contract 19 18 -5.3 19 18 -5.3
Average Sales Price $157,133 $174,460 11.0 $157,133 $174,460 11.0
Median Sales Price $151,000 $191,625 26.9 $151,000 $191,625 26.9
Percent of Original Price Received 98.4 98.1 -0.3 98.4 98.1 -0.3
Days on Market Until Sale 32 30 -6.8 32 30 -6.8
Inventory of Homes for Sale 37 25 -32.4
Months Supply of Inventory 2.2 0.9 -59.3

There were 14 houses sold this month, which was a hike of 16.7% in contrast to the same time of year last year. In Princeton there were 14 housing sales recorded year to date, which was an increase of 16.7% in contrast to last year. There was a rise of 31.1% in projected homes sold in January 2017. There were 16 projected homes sold total this month. In Princeton year to date the number of projected houses sold was 16, a growth of 31.1%. In January 2017 new listings in the market in Princeton underwent a slump of 17.4%, with 19 newly listed total. Year to date there was a dip of 17.4% in the number of new properties listed in Princeton. There were 19 new properties listed total this year. Houses listed under contract this month was down 5.3% from January last year, with 18 houses listed under contract this month. The number of listings under contract year to date was down 5.3% from last year, with 18 listings under contract this year. This month there were 0.9 months supply of homes on the market in Princeton, which was a drop of 59.3%. There was a decline of 32.4% in houses for sale on the market in January 2017. There were 25 houses for sale on the market total this month. In January 2017 there were 30 days on market until sale in Princeton, and this was a drop of 6.8% from January 2016. Percent of asking price received this month had a dip of 0.3%, with 98.1 percent total. Percent of asking price received year to date saw a slump of 0.3%, with 98.1 percent total this year.

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Princeton Texas Real Estate January 2017

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