Sachse Property Sales For November 2016 Are Up 1114%

By
Real Estate Broker/Owner with DFW Team Realty
November 2016 Real Estate Market Summary for Sachse, TX (MLS Area 8)
  Month Year to Date
  2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 90 900.0 1114 1117 0.3  
Closed Sales (Projected) 90 101 12.4 1114 1128 1.3
Listings Under Contract 89 121 36.0 1176 1193 1.4
Average Sales Price $224,804 $247,608 10.1 $220,042 $244,867 11.3
Median Sales Price $204,700 $238,750 16.6 $204,000 $231,000 13.2
Percent of Original Price Received 96.8 97.7 1.0 98.3 98.9 0.6
Days on Market Until Sale 34 30 -11.9 33 31 -6.8
Inventory of Homes for Sale 169 155 -8.3      
Months Supply of Inventory 1.7 1.5 -10.8      

The number of recorded houses sold in November 2016 in Sachse underwent a growth of 1114% in contrast to November last year, with 900.0 sold total. Year to date home sales recorded saw no difference in contrast to last year, with 0.3 sold total this year. In Sachse in November 2016 projected houses sold had an uptick of 12.4%, with 101 projected total. The number of projected property sales in Sachse year to date reached 1128, an improvement of 1.3%. In November 2016 in Sachse the number of new housing units saw a rise of 31.7%, with 108 newly listed total. Year to date newly listed homes experienced an improvement of 1.4%, with 1401 newly for sale total this year. In Sachse the number of listings under contract this month reached 121, a growth of 36% compared to 2015. Listings under contract in Sachse year to date had a rise of 1.4% compared to November 2015, with 1193 listed on a contract total this year. There were 1.5 months supply of property inventory this month, and this was a decrease of 10.8%. This month the number of houses for sale in Sachse was down 8.3%, with 155 houses for sale total this month. In November 2016 days on market until sale showed a decline of 11.9% compared to the same period 2015, with 30 days total. In Sachse this month the total percent of list price received had an improvement of 1%, with 97.7 percent total. In Sachse the number of percent of asking price received year to date went up 0.6%, with 98.9 percent of asking price received total this year.

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Bob Baesmann

DFW Team Realty | 972-978-8800
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