Little Elm Residential Housing Sales For December 2016 Down 3.8%

December 2016 Real Estate Market Summary for Little Elm, TX (MLS Area 31)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
New Listings 155 140 -9.7 2715 3015 11.0
Closed Sales (Reported) 184 177 -3.8 2159 2432 12.6
Closed Sales (Projected) 184 199 8.1 2159 2454 13.7
Listings Under Contract 123 139 13.0 2194 2431 10.8
Average Sales Price $269,687 $303,775 12.6 $258,316 $285,625 10.6
Median Sales Price $247,500 $285,000 15.2 $235,000 $259,900 10.6
Percent of Original Price Received 96.4 96.1 -0.3 98.2 97.8 -0.4
Days on Market Until Sale 51 50 -1.5 37 39 4.8
Inventory of Homes for Sale 353 359 1.7
Months Supply of Inventory 2.0 1.8 -9.7

This month there was a dip of 3.8% in homes sold in Little Elm compared to the same period last year. There were 177 homes sold total this month. The number of housing sales year to date was up 12.6% compared to December 2015, with 2432 housing sales total this year. Projected houses sold in December 2016 saw a hike of 8.1%, with 199 projected houses sold total this month. Year to date the number of projected houses sold reached 2454 total, a hike of 13.7%. New residential properties in Little Elm this month saw a decline of 9.7%, with 140 new residential properties this month. Year to date there was a gain of 11% in new listings. There were 3015 new listings this year. In December 2016 there were 139 listings under contract in Little Elm, which was an increase of 13% in contrast to last year. Year to date the number of properties listed under contract in Little Elm saw a rise of 10.8% from 2015, with 2431 properties listed under contract this year. This month there were 1.8 approximate months supply of inventory in Little Elm, which was a down-slide of 9.7%. In December 2016 in Little Elm properties for sale was 359 total, a gain of 1.7%. This month in Little Elm days on market until sale was at 50, a dip of 1.5% in contrast to the same month 2015. Percent of original asking price received in December 2016 saw a fall of 0.3%, with 96.1 percent of original asking price received this month. Year to date the number of percent of list price received in Little Elm experienced a decline of 0.4%, with 97.8 percent total this year.

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Little Elm Texas Real Estate December 2016


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