Fairview Residential Housing Sales For November 2016 Are Higher 11.5%

November 2016 Real Estate Market Summary for Fairview, TX (MLS Area 52)
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.

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Fairview Texas Real Estate November 2016


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