Fairview, Texas houses sold decline January, 2016

Housing sales overall this year declined 47% relative to the same month last year, with 19 properties sold this year. In Fairview, 19 homes sold during January, a 47% decline from a month ago.

Year-to-date new listings are at 28 total, which is a 3% dip relative to the same period last year. There were 28 new home properties listed this January. During January, the number of new listings in Fairview fell 3%. Fairview current listings under contract reached 23 houses during January, which is a 0% surge from the previous month. Year-to-date, housing sales climbed 0% relative to the same period last year, with 0.0% properties sold. So far this year, the average home sales price for houses in Fairview was about $524,935, which is a 25% increase from a year ago. The average selling price in Fairview climbed 25% .

Buyers sold their houses for 96% of their original price this month, which is a 0% increase from a month ago. Buyers received 96% of their original price on average overall this year, which is a 1% decline relative to the same month last year. Year-to-date, housing sales declined 25% compared to the same month last year, at 54 days on market until sale. The days on market until sale in Fairview decreased 25% during January, at 54 days on market until sale. This month, the market supply of homes for houses in Fairview was 83 houses, a 19% rise from last month. The month supply of homes in Fairview rose 12%, with a 2.6 month supply of homes on the market.

MLS Area 52 is the Multiple Listing Service Access number for Fairview, as designated by the North Texas Real Estate Information System. There are 13 counties and two major metropolitan areas in The DFW area –
Dallas-Plano-Irving and Fort Worth – which stretch across over 9,000 square miles. The Gross Metropolitan Product of DFW is sixth largest in the United States and approximately tenth largest in the world. The DFW area is the most populous metropolitan area in Texas and in the South. It ranks fourth in the United States and tenth in the Americas.

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Fairview Texas Real Estate January 2016

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