Coppell Residential Property Sales For February 2016 Are Lower 16%

February 2016 Real Estate Market Summary for Coppell, TX (MLS Area 31)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 25 21 -16.0 47 50 6.4
Closed Sales (Projected) 25 24 -5.6 47 53 11.9
Listings Under Contract 45 43 -4.4 78 75 -3.8
Average Sales Price $406,266 $355,746 -12.4 $384,912 $393,020 2.1
Median Sales Price $410,000 $315,000 -23.2 $360,000 $366,000 1.7
Percent of Original Price Received 96.5 99.8 3.5 95.5 97.5 2.1
Days on Market Until Sale 72 38 -46.8 73 57 -21.4
Inventory of Homes for Sale 74 85 14.9
Months Supply of Inventory 1.6 1.8 12.8

In February 2016 the number of recorded houses sold saw a fall of 16% compared to 2015, with 21 recorded houses sold total this month. There were 50 housing units sold year to date, and this was a hike of 6.4% from the same time of year last year. There was a down-slide of 5.6% in projected home sales this month. There were 24 projected home sales total this month. The number of projected properties sold in Coppell year to date was higher 11.9%, with 53 projected properties sold this year. There was a rise of 45.2% in the number of new listings in the market this month. There were 61 new listings in the market total this month. The number of new properties year to date showed a climb of 44%, with 108 newly listed total this year. In February 2016 in Coppell contract listings had a drop of 4.4% from the same time of year last year, with 43 listed on contract total. Listings under contract year to date underwent a fall of 3.8% from 2015, with 75 listed on contract total this year. In Coppell there were 1.8 approximate months supply of inventory this month, and this was a gain of 12.8%. In February 2016 there were 85 properties for sale in the market in Coppell, which was a hike of 14.9%. This month days on market until sale had a fall of 46.8% relative to last year, with 38 days total. This month percent of original list price received was at 99.8, a gain of 3.5%. Year to date percent of asking price received saw a gain of 2.1%, with 97.5 percent of asking price received total this year.

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Coppell Texas Real Estate February 2016

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