Denton Residential Housing Sales For February 2016 Are Up 15.6%

By
Real Estate Broker/Owner with DFW Team Realty
February 2016 Real Estate Market Summary for Denton, TX (MLS Area 31)
  Month Year to Date
  2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 45 52 15.6 83 85 2.4
Closed Sales (Projected) 45 58 29.8 83 91 10.2
Listings Under Contract 37 74 100.0 88 122 38.6
Average Sales Price $189,913 $178,264 -6.1 $171,659 $177,077 3.2
Median Sales Price $149,900 $171,000 14.1 $149,000 $169,000 13.4
Percent of Original Price Received 97.6 99.2 1.7 96.6 99.2 2.7
Days on Market Until Sale 29 25 -11.9 37 26 -28.5
Inventory of Homes for Sale 69 59 -14.5      
Months Supply of Inventory 1.0 1.0 -7.7      

This month there were 52 property sales in Denton, which was a gain of 15.6% from the same period last year. Year to date there were 85 real estate sales, and this was an uptick of 2.4% relative to 2015. In February 2016 the number of projected real estate sales experienced an uptick of 29.8%, with 58 projected total. Year to date in Denton the number of projected property sales experienced a gain of 10.2%, with 91 projected total this year. In February 2016 there was an uptick of 48.9% in new properties listed in the market in Denton. There were 70 new properties listed in the market total this month. In Denton there was a hike of 41.8% in new properties year to date. There were 129 new properties total this year. This month there were 74 listings under contract, and this was an increase of 100% from 2015. In Denton there was a gain of 38.6% in homes listed under contract year to date from February last year. There were 122 homes listed under contract total this year. This month there was a dip of 7.7% in the number of months supply of properties on the market. There were 1.0 months supply of properties on the market total this month. In Denton there was a down-slide of 14.5% in the number of homes for sale in the market in February 2016. There were 59 homes for sale in the market total this month. This month days on market until sale was down 11.9% from 2015, with 25 days on market until sale total this month. Percent of list price received in February 2016 in Denton saw an uptick of 1.7%, with 99.2 percent total. Percent of list price received in Denton year to date went up 2.7%, with 99.2 percent of list price received total this year.

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