Prosper Residential Home Sales For February 2016 Down 4.8%

February 2016 Real Estate Market Summary for Prosper, TX (MLS Area 59)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 42 40 -4.8 71 76 7.0
Closed Sales (Projected) 42 45 7.0 71 81 14.0
Listings Under Contract 67 53 -20.9 122 117 -4.1
Average Sales Price $443,720 $452,809 2.0 $419,226 $456,723 8.9
Median Sales Price $407,000 $437,500 7.5 $372,500 $437,500 17.4
Percent of Original Price Received 95.2 96.0 0.9 95.0 95.8 0.9
Days on Market Until Sale 93 95 1.4 104 92 -12.0
Inventory of Homes for Sale 202 213 5.4
Months Supply of Inventory 3.7 3.1 -15.8

In February 2016 recorded houses sold fell 4.8% from February 2015, with 40 recorded houses sold this month. In Prosper there was a rise of 7% in the number of real estate sales reported year to date compared to last year. There were 76 real estate sales reported this year. In February 2016 there were 45 projected homes sold, and this was an increase of 7%. In Prosper there was a gain of 14% in the number of projected real estate sales year to date. There were 81 projected real estate sales total this year. This month new housing units in the market reached 84 total, a climb of 15.1%. Year to date there was a hike of 19.7% in the number of new listings. There were 182 new listings total this year. Houses listed under contract in February 2016 was down 20.9% from 2015, with 53 houses listed under contract this month. Listings under contract in Prosper year to date was at 117, a drop of 4.1% in contrast to the same time of year 2015. Months supply of inventory this month in Prosper experienced a down-slide of 15.8%, with 3.1 months of supply total. In February 2016 the number of homes for sale saw a climb of 5.4%, with 213 homes for sale total this month. The number of days on market until sale in February 2016 was at 95 total, an uptick of 1.4% from last year. In February 2016 percent of original list price received saw an improvement of 0.9%, with 96.0 percent of original list price received this month. Percent of original list price received year to date in Prosper was up 0.9%, with 95.8 percent of original list price received total this year.

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Prosper Texas Real Estate February 2016


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