Irving Residential Property Sales For February 2016 Up 5.7%

February 2016 Real Estate Market Summary for Irving, TX (MLS Area 54)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 123 130 5.7 205 242 18.0
Closed Sales (Projected) 123 146 18.8 205 258 25.9
Listings Under Contract 130 184 41.5 254 339 33.5
Average Sales Price $269,013 $273,435 1.6 $259,987 $253,556 -2.5
Median Sales Price $225,000 $218,500 -2.9 $196,500 $192,350 -2.1
Percent of Original Price Received 96.7 97.0 0.3 96.4 97.2 0.8
Days on Market Until Sale 64 50 -21.1 63 50 -21.0
Inventory of Homes for Sale 317 278 -12.3
Months Supply of Inventory 2.2 1.8 -16.8

In February 2016 real estate sales recorded reached 130 total, a growth of 5.7% compared to 2015. In Irving there was a gain of 18% in the number of recorded homes sold year to date from 2015. There were 242 recorded homes sold this year. The number of projected real estate sales this month saw an improvement of 18.8%, with 146 projected real estate sales this month. Year to date projected houses sold had a gain of 25.9%, with 258 projected total this year. This month the number of new homes in Irving was 186, a climb of 27.4%. Newly listed homes in the market year to date in Irving underwent an improvement of 21.7%, with 376 newly for sale total this year. In Irving in February 2016 the number of contract listings experienced a climb of 41.5% from the same point in time last year, with 184 listed on a contract total. There were 339 homes listed under contract year to date, which was a growth of 33.5% compared to February 2015. The number of approximate months supply of housing inventory this month reached 1.8 total, a decrease of 16.8%. This month there were 278 housing units for sale on the market in Irving, which was a down-slide of 12.3%. Days on market until sale this month in Irving underwent a fall of 21.1% from February 2015, with 50 days total. This month percent of original asking price received in Irving was higher 0.3%, with 97.0 percent of original asking price received this month. The number of percent of asking price received year to date in Irving was 97.2, a gain of 0.8%.

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Irving Texas Real Estate February 2016

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