Mesquite Housing Sales For February 2016 Higher 39.3%

February 2016 Real Estate Market Summary for Mesquite, TX (MLS Area 5)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 84 117 39.3 172 236 37.2
Closed Sales (Projected) 84 131 56.5 172 250 45.6
Listings Under Contract 117 166 41.9 228 313 37.3
Average Sales Price $114,839 $133,542 16.3 $111,297 $132,058 18.7
Median Sales Price $113,000 $133,000 17.7 $110,000 $125,000 13.6
Percent of Original Price Received 97.5 97.6 0.1 97.2 96.6 -0.6
Days on Market Until Sale 37 40 6.8 41 42 2.5
Inventory of Homes for Sale 204 166 -18.6
Months Supply of Inventory 1.7 1.2 -29.6

In Mesquite in February 2016 the number of residential property sales reported was higher 39.3% relative to last year, with 117 residential property sales reported this month. Year to date there was an uptick of 37.2% in the number of property sales from 2015. There were 236 property sales this year. The number of projected houses sold in February 2016 was higher 56.5%, with 131 projected houses sold this month. There were 250 projected homes sold year to date, and this was a climb of 45.6%. In Mesquite there was a growth of 39.3% in the number of new housing units for sale this month. There were 188 new housing units for sale total this month. Year to date the number of new housing units saw a gain of 30.2%, with 345 new housing units this year. In Mesquite housing units listed under contract in February 2016 went up 41.9% compared to February 2015, with 166 housing units listed under contract total this month. Year to date there was a gain of 37.3% in the number of homes listed under contract in Mesquite in contrast to February last year. There were 313 homes listed under contract total this year. This month the number of approximate months supply of inventory reached 1.2 total, a drop of 29.6%. This month in Mesquite the number of homes for sale was lower 18.6%, with 166 homes for sale this month. Days on market until sale in Mesquite in February 2016 had a gain of 6.8% in contrast to last year, with 40 days total. In Mesquite in February 2016 the total percent of original asking price received was at 97.6 total, an increase of 0.1%. Year to date percent of asking price received was lower 0.6%, with 96.6 percent of asking price received total this year.

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Mesquite Texas Real Estate February 2016

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