Melissa Home Sales For January 2017 Are Higher 140%

January 2017 Real Estate Market Summary for Melissa, TX (MLS Area 68)
Month Year to Date
2017 2016 % Change 2017 2016 % Change
New Listings 32 31 -3.1 32 31 -3.1
Closed Sales (Reported) 10 24 140.0 10 24 140.0
Closed Sales (Projected) 10 27 169.7 10 27 169.7
Listings Under Contract 19 30 57.9 19 30 57.9
Average Sales Price $264,884 $283,722 7.1 $264,884 $283,722 7.1
Median Sales Price $247,000 $276,714 12.0 $247,000 $276,714 12.0
Percent of Original Price Received 98.4 97.8 -0.6 98.4 97.8 -0.6
Days on Market Until Sale 54 69 26.9 54 69 26.9
Inventory of Homes for Sale 57 59 3.5
Months Supply of Inventory 2.7 2.2 -19.4

There were 24 real estate sales recorded this month, and this was a gain of 140% in contrast to the same period last year. In Melissa there was an increase of 140% in reported units sold year to date from 2016. There were 24 reported units sold total this year. In January 2017 the number of projected housing sales was up 169.7%, with 27 projected housing sales this month. Projected houses sold in Melissa year to date underwent a growth of 169.7%, with 27 projected total this year. In January 2017 there was a dip of 3.1% in the number of new properties listed in the market. There were 31 new properties listed in the market total this month. Year to date there were 31 newly listed homes, which was a decline of 3.1%. Units listed under contract in January 2017 in Melissa was up 57.9% relative to 2016, with 30 units listed under contract this month. In Melissa year to date listings under contract had an increase of 57.9% from 2016, with 30 listed under contract total this year. The number of approximate months supply of property inventory in January 2017 in Melissa saw a decrease of 19.4%, with 2.2 approximate months supply of property inventory this month. In Melissa there was a rise of 3.5% in the number of homes for sale in January 2017. There were 59 homes for sale total this month. In January 2017 there was a climb of 26.9% in days on market until sale in Melissa from January 2016. There were 69 days on market until sale total this month. Percent of original list price received this month was lower 0.6%, with 97.8 percent of original list price received total this month. Year to date percent of asking price received was 97.8, a down-slide of 0.6%.

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Melissa Texas Real Estate January 2017

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