Little Elm Residential Property Sales For February 2016 Are Higher 32.8%

February 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) 134 178 32.8 243 295 21.4
Closed Sales (Projected) 134 200 49.3 243 317 30.5
Listings Under Contract 170 233 37.1 319 412 29.2
Average Sales Price $243,188 $268,764 10.5 $241,892 $268,699 11.1
Median Sales Price $220,250 $245,544 11.5 $220,988 $250,000 13.1
Percent of Original Price Received 98.0 97.6 -0.4 97.5 97.3 -0.3
Days on Market Until Sale 38 42 11.8 45 43 -4.9
Inventory of Homes for Sale 268 329 22.8
Months Supply of Inventory 1.7 1.8 2.9

In Little Elm this month the number of real estate sales reported was 178 total, a growth of 32.8% compared to last year. In Little Elm there were 295 real estate sales reported year to date, which was an uptick of 21.4% from last year. Projected properties sold in February 2016 saw a growth of 49.3%, with 200 projected total. Year to date there were 317 projected real estate sales in Little Elm, which was a growth of 30.5%. This month new listings in the market was up 72.2%, with 279 new listings in the market this month. Year to date there were 472 new house listings in the market, which was a rise of 33.3%. In Little Elm in February 2016 the number of listings under contract was higher 37.1% relative to 2015, with 233 listings under contract this month. In Little Elm there were 412 houses listed under contract year to date, which was an uptick of 29.2% from last year. The number of approximate months supply of homes on the market this month underwent an improvement of 2.9%, with 1.8 months of supply total. There were 329 units for sale in February 2016, and this was an increase of 22.8%. In February 2016 there was an uptick of 11.8% in days on market until sale in Little Elm compared to last year. There were 42 days on market until sale total this month. Percent of list price received this month experienced a fall of 0.4%, with 97.6 percent total. Year to date the number of percent of list price received in Little Elm saw a down-slide of 0.3%, with 97.3 percent total this year.

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Little Elm Texas Real Estate February 2016


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