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Celina Housing Sales For February 2016 Higher 13.6%

By
Real Estate Broker/Owner with DFW Team Realty
February 2016 Real Estate Market Summary for Celina, TX (MLS Area 60)
  Month Year to Date
  2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 22 25 13.6 32 46 43.8
Closed Sales (Projected) 22 28 27.7 32 49 53.4
Listings Under Contract 25 28 12.0 46 61 32.6
Average Sales Price $280,377 $337,876 20.5 $281,242 $356,366 26.7
Median Sales Price $218,600 $302,000 38.2 $229,500 $300,950 31.1
Percent of Original Price Received 92.7 97.8 5.5 93.7 97.6 4.2
Days on Market Until Sale 79 49 -37.3 75 62 -17.6
Inventory of Homes for Sale 77 100 29.9      
Months Supply of Inventory 3.4 3.2 -6.1      

This month recorded homes sold was 25 total, an uptick of 13.6% relative to the same period last year. Property sales reported year to date was higher 43.8% from February 2015, with 46 property sales reported total this year. In Celina there were 28 projected houses sold in February 2016, which was an uptick of 27.7%. The number of projected housing units sold year to date increased 53.4%, with 49 projected housing units sold total this year. The number of new listings in the market in Celina this month saw an uptick of 56.8%, with 58 new on the market total. Year to date the number of new house listings was at 101, a climb of 50.7%. Contract listings this month was higher 12% from February last year, with 28 contract listings this month. Year to date the number of housing units listed under contract in Celina was 61, a rise of 32.6% from February 2015. This month approximate months supply of homes on the market in Celina was at 3.2, a down-slide of 6.1%. In February 2016 there were 100 houses for sale on the market in Celina, and this was a hike of 29.9%. In February 2016 days on market until sale in Celinan experienced a decline of 37.3% in contrast to 2015, with 49 days total. This month the total percent of original list price received was at 97.8, a climb of 5.5%. Year to date in Celina percent of list price received increased 4.2%, with 97.6 percent of list price received this year.

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