Sachse Home Sales For February 2016 Down 4%

February 2016 Real Estate Market Summary for Sachse, TX (MLS Area 8)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 75 72 -4.0 131 135 3.1
Closed Sales (Projected) 75 81 7.9 131 144 9.8
Listings Under Contract 87 82 -5.7 165 173 4.8
Average Sales Price $204,017 $233,291 14.3 $201,580 $230,938 14.6
Median Sales Price $189,900 $209,950 10.6 $189,900 $212,500 11.9
Percent of Original Price Received 98.8 99.5 0.8 97.7 98.5 0.8
Days on Market Until Sale 26 40 54.9 32 45 43.7
Inventory of Homes for Sale 147 125 -15.0
Months Supply of Inventory 1.6 1.2 -22.7

In February 2016 residential property sales was down 4% in contrast to last year, with 72 residential property sales total this month. Year to date real estate sales saw a growth of 3.1% from 2015, with 135 real estate sales this year. This month in Sachse the number of projected residential housing sales reached 81, an increase of 7.9%. In Sachse there was an increase of 9.8% in projected properties sold year to date. There were 144 projected properties sold total this year. In February 2016 there were 112 newly listed housing units in Sachse, which was a growth of 16.7%. In Sachse there was a climb of 8% in the number of new properties for sale in the market year to date. There were 202 new properties for sale in the market this year. In February 2016 properties listed under contract in Sachse saw a drop of 5.7% from last year, with 82 under contract total. The number of houses listed under contract year to date showed a rise of 4.8% from the same period last year, with 173 under a contract total this year. This month approximate months supply of homes on the market experienced a slump of 22.7%, with 1.2 months of supply total. The number of houses for sale in Sachse in February 2016 saw a decline of 15%, with 125 listed in the market total. In Sachse there was an increase of 54.9% in days on market until sale this month from last year. There were 40 days on market until sale total this month. This month the total percent of original list price received had an increase of 0.8%, with 99.5 percent total. In Sachse year to date the number of percent of original asking price received was up 0.8%, with 98.5 percent of original asking price received this year.

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Sachse Texas Real Estate February 2016

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