Prosper Housing Sales For December 2016 Higher 4.8%

December 2016 Real Estate Market Summary for Prosper, TX (MLS Area 59)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
New Listings 48 54 12.5 1051 1218 15.9
Closed Sales (Reported) 63 66 4.8 820 804 -2.0
Closed Sales (Projected) 63 74 17.7 820 812 -1.0
Listings Under Contract 33 39 18.2 833 816 -2.0
Average Sales Price $458,952 $485,176 5.7 $443,500 $470,494 6.1
Median Sales Price $448,385 $462,500 3.1 $425,944 $441,651 3.7
Percent of Original Price Received 94.2 95.4 1.2 96.2 96.1 -0.2
Days on Market Until Sale 87 68 -21.7 69 65 -7.1
Inventory of Homes for Sale 188 294 56.4
Months Supply of Inventory 2.8 4.4 59.5

There was a climb of 4.8% in the number of real estate sales this month compared to 2015. There were 66 real estate sales total this month. In Prosper there was a slump of 2% in the number of homes sold year to date in contrast to December last year. There were 804 homes sold total this year. Projected residential properties sold this month was higher 17.7%, with 74 projected residential properties sold this month. Projected homes sold year to date was down 1%, with 812 projected homes sold this year. This month there was a hike of 12.5% in the number of new listings in the market. There were 54 new listings in the market total this month. Newly listed homes in the market in Prosper year to date experienced an improvement of 15.9%, with 1218 newly listed total this year. This month there was a growth of 18.2% in listings under contract in Prosper in contrast to the same month 2015. There were 39 listings under contract total this month. Year to date there was a dip of 2% in houses listed under contract from last year. There were 816 houses listed under contract total this year. There was a hike of 59.5% in months supply of inventory this month. There were 4.4 months supply of inventory total this month. There was a climb of 56.4% in the number of residential properties for sale this month. There were 294 residential properties for sale total this month. This month there was a decline of 21.7% in days on market until sale in Prosper relative to 2015. There were 68 days on market until sale total this month. In December 2016 in Prosper the total percent of original list price received was at 95.4, an improvement of 1.2%. Year to date in Prosper percent of asking price received was at 96.1, a slump of 0.2%.

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Prosper Texas Real Estate December 2016

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