Addison Property Sales For December 2016 Are Higher 17.3%

December 2016 Real Estate Market Summary for Addison, TX (MLS Area 10)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
New Listings 88 87 -1.1 2063 2043 -1.0
Closed Sales (Reported) 110 129 17.3 1679 1641 -2.3
Closed Sales (Projected) 110 145 31.8 1679 1657 -1.3
Listings Under Contract 80 87 8.7 1685 1644 -2.4
Average Sales Price $308,726 $339,423 9.9 $344,144 $371,770 8.0
Median Sales Price $299,000 $313,500 4.8 $315,000 $341,500 8.4
Percent of Original Price Received 97.1 95.6 -1.5 97.2 97.4 0.2
Days on Market Until Sale 36 42 16.8 33 31 -6.8
Inventory of Homes for Sale 218 199 -8.7
Months Supply of Inventory 1.6 1.5 -6.6

In December 2016 homes sold in Addison saw an uptick of 17.3% in contrast to December 2015, with 129 sold total. In Addison there was a decline of 2.3% in reported homes sold year to date relative to the same time of year 2015. There were 1641 reported homes sold this year. The number of projected homes sold in Addison this month saw an increase of 31.8%, with 145 projected homes sold this month. Year to date projected real estate sales in Addison experienced a drop of 1.3%, with 1657 projected total this year. In Addison new units listed in December 2016 experienced a slump of 1.1%, with 87 newly for sale total. In Addison new homes in the market year to date reached 2043 total, a dip of 1%. The number of homes listed under contract in December 2016 reached 87 total, an improvement of 8.7% relative to the same month 2015. In Addison there were 1644 contract listings year to date, which was a dip of 2.4% from 2015. This month months supply of homes on the market in Addison reached 1.5, a fall of 6.6%. This month there were 199 units for sale in the market in Addison, and this was a dip of 8.7%. In Addison there was a gain of 16.8% in the number of days on market until sale this month in contrast to the same month 2015. There were 42 days on market until sale total this month. This month percent of original list price received reached 95.6, a fall of 1.5%. The number of percent of original list price received year to date rose 0.2%, with 97.4 percent of original list price received this year.

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Addison Texas Real Estate December 2016

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