Melissa Residential Home Sales For November 2016 Are Up 69.2%

November 2016 Real Estate Market Summary for Melissa, TX (MLS Area 68)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 13 22 69.2 235 279 18.7
Closed Sales (Projected) 13 25 90.1 235 282 19.9
Listings Under Contract 17 22 29.4 238 300 26.1
Average Sales Price $282,153 $264,085 -6.4 $242,089 $271,045 12.0
Median Sales Price $270,000 $243,000 -10.0 $223,590 $262,895 17.6
Percent of Original Price Received 95.8 95.5 -0.3 97.7 96.9 -0.8
Days on Market Until Sale 43 61 40.7 45 49 9.4
Inventory of Homes for Sale 41 68 65.9
Months Supply of Inventory 1.9 2.7 40.8

This month in Melissa the number of reported homes sold showed an increase of 69.2% compared to November last year, with 22 sold total. The number of reported homes sold year to date was up 18.7% relative to last year, with 279 reported homes sold total this year. In November 2016 projected homes sold was higher 90.1%, with 25 projected homes sold total this month. Year to date there were 282 projected houses sold in Melissa, and this was a growth of 19.9%. The number of new housing units in the market in November 2016 was 22 total, an increase of 22.2%. There was an uptick of 34.9% in the number of new house listings year to date. There were 371 new house listings total this year. In November 2016 there were 22 listings under contract, and this was a hike of 29.4% from the same point in time 2015. Year to date there were 300 houses listed under contract in Melissa, which was an increase of 26.1% from last year. Months supply of real estate inventory in Melissa this month experienced a hike of 40.8%, with 2.7 months of supply total. In November 2016 there was a growth of 65.9% in homes for sale in the market. There were 68 homes for sale in the market total this month. The number of days on market until sale in Melissan in November 2016 reached 61 total, a gain of 40.7% from 2015. Percent of original asking price received in November 2016 in Melissan underwent a dip of 0.3%, with 95.5 percent total. Year to date the number of percent of original list price received was down 0.8%, with 96.9 percent of original list price received this year.

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Melissa Texas Real Estate November 2016

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