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.

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Fairview Texas Real Estate February 2016


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