Little Elm Residential Property Sales For January 2017 Are Up 12%

January 2017 Real Estate Market Summary for Little Elm, TX (MLS Area 31)
Month Year to Date
2017 2016 % Change 2017 2016 % Change
New Listings 193 285 47.7 193 285 47.7
Closed Sales (Reported) 117 131 12.0 117 131 12.0
Closed Sales (Projected) 117 147 25.8 117 147 25.8
Listings Under Contract 173 192 11.0 173 192 11.0
Average Sales Price $268,601 $297,403 10.7 $268,601 $297,403 10.7
Median Sales Price $253,292 $262,990 3.8 $253,292 $262,990 3.8
Percent of Original Price Received 96.8 97.1 0.3 96.8 97.1 0.3
Days on Market Until Sale 43 49 13.9 43 49 13.9
Inventory of Homes for Sale 335 404 20.6
Months Supply of Inventory 1.9 2.0 6.4

Homes sold in Little Elm in January 2017 saw a gain of 12% compared to the same month last year, with 131 homes sold total this month. There was an improvement of 12% in recorded properties sold year to date from the same month 2016. There were 131 recorded properties sold total this year. Projected homes sold in January 2017 saw a rise of 25.8%, with 147 projected total. In Little Elm there were 147 projected homes sold year to date, which was an improvement of 25.8%. In January 2017 there were 285 newly listed residential properties in the market, and this was a climb of 47.7%. Year to date the number of new properties listed was up 47.7%, with 285 new properties listed this year. In Little Elm the number of contract listings this month reached 192, an increase of 11% from the same time of year last year. Year to date in Little Elm contract listings was at 192 total, a growth of 11% relative to 2016. In Little Elm there was an increase of 6.4% in the number of approximate months supply of houses on the market this month. There were 2.0 approximate months supply of houses on the market total this month. This month the number of homes for sale in the market underwent an uptick of 20.6%, with 404 listed total. The number of days on market until sale in January 2017 saw an uptick of 13.9% from last year, with 49 days on market until sale this month. In January 2017 percent of asking price received grew 0.3%, with 97.1 percent of asking price received total this month. Year to date in Little Elm percent of original list price received showed an increase of 0.3%, with 97.1 percent total this year.

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Little Elm Texas Real Estate January 2017

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