| Month | Year to Date | |||||
|---|---|---|---|---|---|---|
| 2016 | 2015 | % Change | 2016 | 2015 | % Change | |
| Closed Sales (Reported) | 26 | 29 | 11.5 | 354 | 336 | -5.1 |
| Closed Sales (Projected) | 26 | 33 | 25.3 | 354 | 340 | -4.1 |
| Listings Under Contract | 19 | 21 | 10.5 | 362 | 351 | -3.0 |
| Average Sales Price | $385,344 | $518,372 | 34.5 | $464,634 | $529,184 | 13.9 |
| Median Sales Price | $325,000 | $406,000 | 24.9 | $396,250 | $456,750 | 15.3 |
| Percent of Original Price Received | 98.4 | 94.5 | -4.0 | 97.2 | 97.4 | 0.2 |
| Days on Market Until Sale | 19 | 46 | 142.5 | 42 | 43 | 2.2 |
| Inventory of Homes for Sale | 94 | 108 | 14.9 | |||
| Months Supply of Inventory | 3.0 | 3.5 | 17.7 | |||
The number of homes sold in Fairview this month was at 29 total, an improvement of 11.5% in contrast to November last year. Year to date the number of houses sold in Fairview showed a decrease of 5.1% from the same time of year 2015, with 336 sold total this year. The number of projected real estate sales this month underwent a gain of 25.3%, with 33 projected total. Projected properties sold year to date reached 340, a decrease of 4.1%. This month there was a climb of 30% in the number of new houses for sale in the market. There were 39 new houses for sale in the market total this month. Year to date there was an uptick of 0.8% in new houses in Fairview. There were 483 new houses this year. There were 21 contract listings this month, and this was a growth of 10.5% compared to the same month last year. Year to date there were 351 units listed under contract, and this was a dip of 3% from 2015. There were 3.5 approximate months supply of homes on the market in November 2016, and this was a rise of 17.7%. The number of properties for sale in the market this month was at 108 total, an increase of 14.9%. In Fairview there were 46 days on market until sale this month, and this was an uptick of 142.5% from the same period last year. This month the total percent of asking price received in Fairview was down 4%, with 94.5 percent of asking price received this month. Year to date the number of percent of original asking price received in Fairview saw an improvement of 0.2%, with 97.4 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.
By Bob Baesmann