Melissa Housing Sales For December 2016 Are Up 36.8%

December 2016 Real Estate Market Summary for Melissa, TX (MLS Area 68)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
New Listings 19 18 -5.3 294 389 32.3
Closed Sales (Reported) 19 26 36.8 254 306 20.5
Closed Sales (Projected) 19 29 53.8 254 309 21.7
Listings Under Contract 10 18 80.0 248 318 28.2
Average Sales Price $216,202 $286,203 32.4 $240,153 $272,300 13.4
Median Sales Price $210,000 $250,000 19.0 $222,000 $262,895 18.4
Percent of Original Price Received 96.5 96.2 -0.3 97.6 96.8 -0.8
Days on Market Until Sale 34 46 35.6 44 49 10.5
Inventory of Homes for Sale 44 64 45.5
Months Supply of Inventory 2.1 2.5 20.7

Property sales recorded this month had an improvement of 36.8% compared to 2015, with 26 sold total. In Melissa there was a hike of 20.5% in residential properties sold year to date from the same period 2015. There were 306 residential properties sold total this year. Projected home sales in December 2016 climbed 53.8%, with 29 projected home sales total this month. In Melissa year to date the number of projected property sales reached 309, a hike of 21.7%. In Melissa the number of new houses listed this month was 18, a decline of 5.3%. Year to date there were 389 new houses in the market in Melissa, which was an increase of 32.3%. The number of listings under contract this month was 18 total, a gain of 80% from last year. The number of contract listings year to date reached 318 total, an improvement of 28.2% in contrast to the same time of year last year. The number of months supply of inventory this month in Melissan experienced an uptick of 20.7%, with 2.5 months supply total. Homes for sale in the market this month saw a hike of 45.5%, with 64 listed for sale in the market total. This month the number of days on market until sale was 46, a rise of 35.6% from last year. In December 2016 percent of list price received was 96.2, a dip of 0.3%. Year to date in Melissa the number of percent of list price received saw a dip of 0.8%, with 96.8 percent total this year.

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Melissa Texas Real Estate December 2016

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