Melissa Housing Sales For November 2016 Up 69.2%

By
Real Estate Broker/Owner with DFW Team Realty
November 2016 Real Estate Market Summary for Melissa, TX (MLS Area 68)
  Month Year to Date
  2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 13 22 69.2 235 279 18.7
Closed Sales (Projected) 13 25 90.1 235 282 19.9
Listings Under Contract 17 22 29.4 238 300 26.1
Average Sales Price $282,153 $264,085 -6.4 $242,089 $271,045 12.0
Median Sales Price $270,000 $243,000 -10.0 $223,590 $262,895 17.6
Percent of Original Price Received 95.8 95.5 -0.3 97.7 96.9 -0.8
Days on Market Until Sale 43 61 40.7 45 49 9.4
Inventory of Homes for Sale 41 68 65.9      
Months Supply of Inventory 1.9 2.7 40.8      

This month the number of houses sold in Melissa was up 69.2% relative to November last year, with 22 houses sold total this month. Home sales in Melissa year to date reached 279, a growth of 18.7% relative to the same time of year last year. The number of projected property sales this month in Melissa grew 90.1%, with 25 projected property sales total this month. In Melissa the number of projected real estate sales year to date was higher 19.9%, with 282 projected real estate sales total this year. In Melissa there were 22 new homes this month, which was a gain of 22.2%. New homes listed in the market year to date in Melissa reached 371, a growth of 34.9%. In Melissa this month the number of contract listings reached 22, a climb of 29.4% from 2015. Year to date in Melissa listings under contract showed an uptick of 26.1% from last year, with 300 listed under a contract total this year. This month there were 2.7 months supply of residential housing inventory in Melissa, which was a climb of 40.8%. In Melissa there were 68 properties for sale on the market this month, and this was a hike of 65.9%. The number of days on market until sale in November 2016 in Melissa was higher 40.7% compared to the same period 2015, with 61 days on market until sale this month. This month percent of original asking price received saw a fall of 0.3%, with 95.5 percent total. The number of percent of original asking price received year to date in Melissa reached 96.9 total, a dip of 0.8%.

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Bob Baesmann

DFW Team Realty | 972-978-8800
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