Fairview Residential Home Sales For February 2016 Are Up 42%

February 2016 Real Estate Market Summary for Fairview, TX (MLS Area 52)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 23 230.0 42 33 -21.4
Closed Sales (Projected) 23 26 12.4 42 36 -14.7
Listings Under Contract 26 25 -3.8 49 50 2.0
Average Sales Price $466,025 $403,550 -13.4 $445,471 $440,333 -1.2
Median Sales Price $414,000 $370,000 -10.6 $362,500 $375,000 3.4
Percent of Original Price Received 98.7 97.7 -0.9 97.6 97.1 -0.4
Days on Market Until Sale 52 57 10.2 61 56 -7.8
Inventory of Homes for Sale 63 86 36.5
Months Supply of Inventory 2.1 2.7 30.3

The number of real estate sales in February 2016 was higher 42% from 2015, with 230.0 real estate sales this month. Year to date there were -21.4 houses sold in Fairview, which was no difference from February last year. This month there was an uptick of 12.4% in the number of projected housing sales in Fairview. There were 26 projected housing sales total this month. Year to date the number of projected home sales went down 14.7%, with 36 projected home sales this year. In February 2016 the number of new home listings in the market in Fairview had a gain of 62.5%, with 39 newly for sale total. Year to date the number of new listings in Fairview saw a climb of 24.5%, with 66 new listings total this year. In February 2016 contract listings saw a drop of 3.8% relative to last year, with 25 listed on a contract total. Contract listings in Fairview year to date reached 50 total, a hike of 2% from last year. In Fairview this month months supply of homes on the market was 2.7, an increase of 30.3%. There was a growth of 36.5% in the number of homes for sale this month. There were 86 homes for sale total this month. This month in Fairview days on market until sale showed a growth of 10.2% relative to February 2015, with 57 days total. In February 2016 the total percent of original asking price received was down 0.9%, with 97.7 percent of original asking price received this month. Year to date the number of percent of original list price received showed a fall of 0.4%, with 97.1 percent total this year.

You can register on our website to have monthly updates on your city and neighborhood automatically emailed to you from DFW Team Realty. Search Fairview Texas homes, foreclosures, and short sales to find homes in Fairview. This service is FREE and available without any obligation from DFWTeamRealty.com.

Fairview Texas Real Estate February 2016

By

Close
Please support the site
By clicking any of these buttons you help our site to get better

Texas Real Estate Commission Consumer Protection Notice
Texas Real Estate Commission Information About Brokerage Services