Lakewood and M Streets Property Sales For February 2016 Are Down 1.4%

February 2016 Real Estate Market Summary for Lakewood and M Streets, TX (MLS Area 12)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 212 209 -1.4 360 364 1.1
Closed Sales (Projected) 212 235 10.8 360 390 8.3
Listings Under Contract 227 293 29.1 466 533 14.4
Average Sales Price $328,088 $343,676 4.8 $313,925 $334,253 6.5
Median Sales Price $282,000 $315,000 11.7 $276,500 $299,500 8.3
Percent of Original Price Received 97.0 96.8 -0.2 95.8 96.3 0.5
Days on Market Until Sale 41 52 26.1 44 52 18.3
Inventory of Homes for Sale 453 446 -1.5
Months Supply of Inventory 1.9 1.8 -6.3

In February 2016 the number of property sales was 209, please take a look at these numbers, a drop of 1.4% from last year. In Lakewood and M Streets year to date the number of homes sold went up 1.1% from 2015, with 364 homes sold this year. In February 2016 the number of projected homes sold experienced an increase of 10.8%, with 235 projected total. In Lakewood and M Streets there were 390 projected homes sold year to date, and this was a growth of 8.3%. New listings in the market this month was 321 total, an uptick of 13%. Year to date the number of new homes listed in the market was up 13.6%, with 627 new homes listed in the market total this year. This month there was a growth of 29.1% in the number of homes listed under contract in Lakewood and M Streets from last year. There were 293 homes listed under contract total this month. Year to date there was a climb of 14.4% in listings under contract from February 2015. There were 533 listings under contract this year. There was a decrease of 6.3% in the number of months supply of inventory in February 2016. There were 1.8 months supply of inventory total this month. This month in Lakewood and M Streets houses for sale on the market showed a slump of 1.5%, with 446 listed for sale total. This month days on market until sale reached 52, an uptick of 26.1% relative to last year. In February 2016 the total percent of asking price received in Lakewood and M Streets was 96.8, a slump of 0.2%. In Lakewood and M Streets the number of percent of original asking price received year to date experienced a climb of 0.5%, with 96.3 percent total this year.

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Lakewood and M Streets Texas Real Estate February 2016

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