Denton Residential Housing Sales For February 2016 Higher 15.6%

February 2016 Real Estate Market Summary for Denton, TX (MLS Area 31)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 45 52 15.6 83 85 2.4
Closed Sales (Projected) 45 58 29.8 83 91 10.2
Listings Under Contract 37 74 100.0 88 122 38.6
Average Sales Price $189,913 $178,264 -6.1 $171,659 $177,077 3.2
Median Sales Price $149,900 $171,000 14.1 $149,000 $169,000 13.4
Percent of Original Price Received 97.6 99.2 1.7 96.6 99.2 2.7
Days on Market Until Sale 29 25 -11.9 37 26 -28.5
Inventory of Homes for Sale 69 59 -14.5
Months Supply of Inventory 1.0 1.0 -7.7

This month the number of reported properties sold in Denton reached 52 total, a hike of 15.6% from the same month last year. Year to date home sales recorded saw a gain of 2.4% from 2015, with 85 home sales recorded total this year. In Denton there were 58 projected home sales in February 2016, and this was an uptick of 29.8%. Year to date there was an improvement of 10.2% in the number of projected houses sold particularly in eau claire realty. There were 91 projected houses sold total this year. This month there were 70 new listings in Denton, which was a growth of 48.9%. New houses year to date in Denton was at 129, a growth of 41.8%. In February 2016 contract listings was higher 100% from February 2015, with 74 contract listings total this month. Year to date contract listings was 122, a growth of 38.6% from the same point in time last year. There were 1.0 months supply of inventory in February 2016, which was a decline of 7.7%. In Denton homes for sale on the market this month saw a fall of 14.5%, with 59 listed for sale in the market total. This month there was a drop of 11.9% in days on market until sale from last year. There were 25 days on market until sale total this month. Percent of original list price received this month in Denton was at 99.2, a gain of 1.7%. The number of percent of asking price received year to date reached 99.2, an uptick of 2.7%.

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Denton Texas Real Estate February 2016

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