The Colony Residential Property Sales For December 2016 Lower 27.1%

December 2016 Real Estate Market Summary for The Colony, TX (MLS Area 9)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
New Listings 35 28 -20.0 665 660 -0.8
Closed Sales (Reported) 48 35 -27.1 565 585 3.5
Closed Sales (Projected) 48 39 -18.1 565 589 4.3
Listings Under Contract 31 37 19.4 574 594 3.5
Average Sales Price $212,350 $251,287 18.3 $203,727 $240,812 18.2
Median Sales Price $199,100 $226,660 13.8 $190,000 $223,500 17.6
Percent of Original Price Received 98.6 98.0 -0.7 99.7 99.4 -0.3
Days on Market Until Sale 27 36 33.1 22 21 -0.4
Inventory of Homes for Sale 59 44 -25.4
Months Supply of Inventory 1.3 0.9 -28.0

In December 2016 there was a decrease of 27.1% in home sales from 2015. There were 35 home sales total this month. In The Colony there was an uptick of 3.5% in the number of property sales reported year to date compared to the same period 2015. There were 585 property sales reported this year. This month there were 39 projected houses sold, and this was a decrease of 18.1%. In The Colony there were 589 projected housing units sold year to date, which was an uptick of 4.3%. In December 2016 there was a slump of 20% in newly listed residential properties in the market. There were 28 newly listed residential properties in the market total this month. Year to date there were 660 newly listed houses in the market, which was a dip of 0.8%. This month there were 37 listings under contract in The Colony, and this was an improvement of 19.4% in contrast to December last year. Year to date there were 594 listings under contract, and this was an improvement of 3.5% from last year. The number of months supply of houses on the market this month reached 0.9 total, a down-slide of 28%. In December 2016 there was a decrease of 25.4% in houses for sale in the market in The Colony. There were 44 houses for sale in the market total this month. In December 2016 there were 36 days on market until sale, and this was a climb of 33.1% from December last year. In December 2016 the total percent of original asking price received experienced a dip of 0.7%, with 98.0 percent total. In The Colony year to date percent of original asking price received was 99.4 total, a fall of 0.3%.

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The Colony Texas Real Estate December 2016

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