The Colony Residential Home Sales For February 2016 Are Higher 5.3%

February 2016 Real Estate Market Summary for The Colony, TX (MLS Area 9)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 38 40 5.3 63 71 12.7
Closed Sales (Projected) 38 45 18.3 63 76 20.5
Listings Under Contract 32 49 53.1 66 98 48.5
Average Sales Price $175,966 $185,668 5.5 $179,321 $196,799 9.7
Median Sales Price $176,500 $179,000 1.4 $179,500 $195,000 8.6
Percent of Original Price Received 99.7 100.6 1.0 99.3 99.7 0.4
Days on Market Until Sale 30 16 -45.2 27 23 -16.9
Inventory of Homes for Sale 39 45 15.4
Months Supply of Inventory 0.8 0.9 21.0

In February 2016 the number of houses sold was up 5.3% from 2015, with 40 houses sold total this month. Year to date the number of real estate sales recorded in The Colony improved 12.7% from the same point in time last year, with 71 real estate sales recorded this year. In February 2016 there were 45 projected home sales, and this was a hike of 18.3%. The number of projected real estate sales year to date was up 20.5%, with 76 projected real estate sales total this year. The number of new property listings this month saw a gain of 10.3%, with 43 new property listings total this month. Year to date there were 97 new listings in the market, and this was a rise of 12.8%. This month the number of homes listed under contract showed an uptick of 53.1% relative to 2015, with 49 on a contract total. Year to date the number of contract listings was 98 total, a hike of 48.5% from 2015. In The Colony there was an improvement of 21% in approximate months supply of housing inventory in February 2016. There were 0.9 approximate months supply of housing inventory total this month. Houses for sale in February 2016 in The Colony underwent an uptick of 15.4%, with 45 listed in the market total. In February 2016 days on market until sale had a decrease of 45.2% in contrast to the same month 2015, with 16 days total. In February 2016 the total percent of asking price received was up 1%, with 100.6 percent of asking price received this month. In The Colony percent of list price received year to date saw an uptick of 0.4%, with 99.7 percent of list price received total this year.

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The Colony Texas Real Estate February 2016

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