Little Elm Home Sales For November 2016 Are Higher 20.3%

November 2016 Real Estate Market Summary for Little Elm, TX (MLS Area 31)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 133 160 20.3 1975 2246 13.7
Closed Sales (Projected) 133 180 35.2 1975 2266 14.7
Listings Under Contract 184 147 -20.1 2071 2290 10.6
Average Sales Price $272,576 $286,703 5.2 $257,256 $284,000 10.4
Median Sales Price $249,983 $256,850 2.7 $235,000 $258,000 9.8
Percent of Original Price Received 97.3 96.9 -0.5 98.3 97.9 -0.4
Days on Market Until Sale 40 38 -4.4 36 38 6.0
Inventory of Homes for Sale 374 423 13.1
Months Supply of Inventory 2.1 2.1 -0.0

The number of reported housing units sold this month was at 160, an uptick of 20.3% compared to the same point in time last year. The number of reported homes sold year to date was 2246 total, a climb of 13.7% compared to last year. In November 2016 projected property sales in Little Elm saw a rise of 35.2%, with 180 projected property sales this month. Year to date projected properties sold reached 2266, a growth of 14.7%. In November 2016 there were 185 new houses for sale in the market in Little Elm, which was a decrease of 4.6%. In Little Elm new homes listed year to date was higher 12.2%, with 2873 new homes listed total this year. This month there was a down-slide of 20.1% in the number of contract listings in Little Elm in contrast to last year. There were 147 contract listings total this month. Year to date there was an uptick of 10.6% in the number of houses listed under contract in Little Elm from 2015. There were 2290 houses listed under contract total this year. In November 2016 the number of months supply of homes on the market in Little Elm saw no change, with 2.1 months supply of homes on the market this month. This month there were 423 residential properties for sale in the market in Little Elm, and this was a hike of 13.1%. Days on market until sale in November 2016 in Little Elm saw a fall of 4.4% from the same month last year, with 38 days on market until sale this month. Percent of list price received in November 2016 reached 96.9, a drop of 0.5%. Percent of original list price received in Little Elm year to date experienced a down-slide of 0.4%, with 97.9 percent total this year.

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Little Elm Texas Real Estate November 2016


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