Melissa Housing Sales For December 2016 Higher 36.8%

By
Real Estate Broker/Owner with DFW Team Realty
December 2016 Real Estate Market Summary for Melissa, TX (MLS Area 68)
  Month Year to Date
  2016 2015 % Change 2016 2015 % Change
New Listings 19 18 -5.3 294 389 32.3
Closed Sales (Reported) 19 26 36.8 254 306 20.5
Closed Sales (Projected) 19 29 53.8 254 309 21.7
Listings Under Contract 10 18 80.0 248 318 28.2
Average Sales Price $216,202 $286,203 32.4 $240,153 $272,300 13.4
Median Sales Price $210,000 $250,000 19.0 $222,000 $262,895 18.4
Percent of Original Price Received 96.5 96.2 -0.3 97.6 96.8 -0.8
Days on Market Until Sale 34 46 35.6 44 49 10.5
Inventory of Homes for Sale 44 64 45.5      
Months Supply of Inventory 2.1 2.5 20.7      

In December 2016 the number of recorded housing units sold in Melissa was at 26, a climb of 36.8% from last year. Year to date houses sold was higher 20.5% from last year, with 306 houses sold this year. In December 2016 the number of projected units sold showed a hike of 53.8%, with 29 projected total. In Melissa year to date projected home sales underwent an uptick of 21.7%, with 309 projected total this year. In Melissa this month new houses for sale in the market underwent a slump of 5.3%, with 18 newly listed total. In Melissa year to date new homes reached 389 total, a rise of 32.3%. This month in Melissa listings under contract reached 18 total, an increase of 80% relative to last year. Year to date there was a hike of 28.2% in the number of listings under contract relative to the same month last year. There were 318 listings under contract total this year. In Melissa there was a gain of 20.7% in the number of months supply of inventory in December 2016. There were 2.5 months supply of inventory total this month. This month homes for sale was 64 total, a hike of 45.5%. The number of days on market until sale this month in Melissa saw a rise of 35.6% from December last year, with 46 days on market until sale total this month. In December 2016 in Melissa percent of original asking price received was 96.2 total, a dip of 0.3%. Year to date the number of percent of original asking price received reached 96.8, a fall of 0.8%.

Click here to view homes in Melissa.

 

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Bob Baesmann

DFW Team Realty | 972-978-8800
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