The Colony Residential Housing Sales For November 2016 Are Lower 9.3%

November 2016 Real Estate Market Summary for The Colony, TX (MLS Area 9)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 43 39 -9.3 517 548 6.0
Closed Sales (Projected) 43 44 1.9 517 553 6.9
Listings Under Contract 40 37 -7.5 543 558 2.8
Average Sales Price $217,648 $244,342 12.3 $202,925 $240,056 18.3
Median Sales Price $200,000 $225,000 12.5 $190,000 $223,000 17.4
Percent of Original Price Received 97.3 98.9 1.6 99.8 99.5 -0.3
Days on Market Until Sale 28 21 -22.7 21 21 -2.7
Inventory of Homes for Sale 60 600.0
Months Supply of Inventory 1.3 1.2 -6.4

There was a fall of 9.3% in the number of home sales reported this month in contrast to the same month 2015. There were 39 home sales reported total this month. Year to date there was a growth of 6% in the number of houses sold in contrast to last year. There were 548 houses sold total this year. This month the number of projected residential properties sold saw an increase of 1.9%, with 44 projected total. The number of projected houses sold year to date was higher 6.9%, with 553 projected houses sold this year. New homes for sale in November 2016 in The Colony had a hike of 2.7%, with 38 newly for sale total. In The Colony there was an improvement of 0.3% in the number of new residential properties year to date. There were 632 new residential properties total this year. This month there was a drop of 7.5% in the number of contract listings in The Colony relative to the same point in time 2015. There were 37 contract listings total this month. In The Colony there was an increase of 2.8% in the number of properties listed under contract year to date from November 2015. There were 558 properties listed under contract total this year. This month there was a slump of 6.4% in months supply of units on the market in The Colony. There were 1.2 months supply of units on the market total this month. This month there were 600.0 homes for sale, and this was no difference. In November 2016 in The Colony the number of days on market until sale showed a slump of 22.7% relative to the same period last year, with 21 days total. The total percent of original asking price received this month in The Colony showed an improvement of 1.6%, with 98.9 percent total. Year to date percent of original asking price received in The Colony reached 99.5, a drop of 0.3%.

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The Colony Texas Real Estate November 2016

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