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Sachse Residential Property Sales For February 2016 Down 4%

By
Real Estate Broker/Owner with DFW Team Realty
February 2016 Real Estate Market Summary for Sachse, TX (MLS Area 8)
  Month Year to Date
  2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 75 72 -4.0 131 135 3.1
Closed Sales (Projected) 75 81 7.9 131 144 9.8
Listings Under Contract 87 82 -5.7 165 173 4.8
Average Sales Price $204,017 $233,291 14.3 $201,580 $230,938 14.6
Median Sales Price $189,900 $209,950 10.6 $189,900 $212,500 11.9
Percent of Original Price Received 98.8 99.5 0.8 97.7 98.5 0.8
Days on Market Until Sale 26 40 54.9 32 45 43.7
Inventory of Homes for Sale 147 125 -15.0      
Months Supply of Inventory 1.6 1.2 -22.7      

In February 2016 in Sachse the number of housing units sold underwent a decline of 4% compared to the same point in time last year, with 72 sold total. Year to date in Sachse homes sold saw a rise of 3.1% compared to February last year, with 135 homes sold total this year. Projected homes sold in February 2016 in Sachse reached 81, a growth of 7.9%. Projected home sales year to date was higher 9.8%, with 144 projected home sales total this year. In Sachse new listings in the market this month saw a rise of 16.7%, with 112 new listings in the market this month. There were 202 new listings year to date, which was an increase of 8%. In February 2016 there were 82 contract listings, and this was a fall of 5.7% in contrast to February 2015. There were 173 contract listings year to date, which was a gain of 4.8% compared to last year. In February 2016 there was a slump of 22.7% in months supply of inventory. There were 1.2 months supply of inventory total this month. In Sachse houses for sale in the market in February 2016 reached 125, a down-slide of 15%. There were 40 days on market until sale this month, and this was a gain of 54.9% from last year. The total percent of original list price received in February 2016 showed a climb of 0.8%, with 99.5 percent total. Year to date percent of original asking price received had an uptick of 0.8%, with 98.5 percent total this year.

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