Pilot Point Residential Property Sales For November 2016 Are Higher 18.8%

November 2016 Real Estate Market Summary for Pilot Point, TX (MLS Area 31)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 64 76 18.8 960 1132 17.9
Closed Sales (Projected) 64 85 33.4 960 1141 18.9
Listings Under Contract 56 83 48.2 992 1198 20.8
Average Sales Price $225,595 $299,732 32.9 $230,076 $276,589 20.2
Median Sales Price $191,500 $244,500 27.7 $197,500 $227,500 15.2
Percent of Original Price Received 97.0 96.2 -0.8 97.3 97.6 0.3
Days on Market Until Sale 35 43 23.5 42 40 -4.9
Inventory of Homes for Sale 219 271 23.7
Months Supply of Inventory 2.5 2.7 5.6

In November 2016 there were 76 reported units sold in Pilot Point, which was a climb of 18.8% relative to the same month 2015. In Pilot Point there were 1132 home sales recorded year to date, and this was a gain of 17.9% from November last year. There was an uptick of 33.4% in the number of projected home sales in November 2016. There were 85 projected home sales total this month. Projected homes sold year to date was higher 18.9%, with 1141 projected homes sold this year. Newly listed homes in Pilot Point in November 2016 was up 24.4%, with 107 newly listed homes total this month. In Pilot Point new houses listed year to date saw a climb of 21.9%, with 1492 new on the market total this year. In Pilot Point there were 83 contract listings in November 2016, and this was an uptick of 48.2% relative to last year. Year to date there were 1198 contract listings, and this was an improvement of 20.8% compared to November 2015. Months supply of homes on the market in November 2016 was up 5.6%, with 2.7 months supply of homes on the market total this month. In November 2016 the number of homes for sale in Pilot Point was at 271 total, a growth of 23.7%. In Pilot Point this month the number of days on market until sale experienced a rise of 23.5% relative to 2015, with 43 days total. Percent of asking price received this month in Pilot Point experienced a decrease of 0.8%, with 96.2 percent total. Year to date in Pilot Point percent of asking price received improved 0.3%, with 97.6 percent of asking price received this year.

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Pilot Point Texas Real Estate November 2016

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