Addison Property Sales For November 2016 Are Higher 47.5%

November 2016 Real Estate Market Summary for Addison, TX (MLS Area 10)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 99 146 47.5 1569 1507 -4.0
Closed Sales (Projected) 99 164 65.7 1569 1525 -2.8
Listings Under Contract 105 133 26.7 1605 1561 -2.7
Average Sales Price $363,434 $402,607 10.8 $346,627 $375,343 8.3
Median Sales Price $310,000 $361,000 16.5 $315,000 $346,500 10.0
Percent of Original Price Received 95.7 95.4 -0.3 97.2 97.6 0.4
Days on Market Until Sale 35 40 15.2 33 30 -9.1
Inventory of Homes for Sale 270 2700.0
Months Supply of Inventory 1.9 2.0 6.6

This month the number of home sales grew 47.5% from 2015, with 146 home sales total this month. Year to date property sales underwent a fall of 4% from 2015, with 1507 sold total this year. This month projected property sales grew 65.7%, with 164 projected property sales this month. Year to date in Addison the number of projected homes sold saw a drop of 2.8%, with 1525 projected total this year. This month newly listed houses in the market in Addison saw a gain of 25.4%, with 148 newly listed houses in the market total this month. Year to date the number of new properties saw a slump of 1%, with 1955 new properties this year. In November 2016 in Addison the number of listings under contract was up 26.7% from November last year, with 133 listings under contract this month. Listings under contract year to date was down 2.7% in contrast to November 2015, with 1561 listings under contract this year. This month there was a climb of 6.6% in the number of months supply of real estate inventory. There were 2.0 months supply of real estate inventory total this month. This month there was no change in properties for sale. There were 2700.0 properties for sale total this month. Days on market until sale in November 2016 was up 15.2% compared to 2015, with 40 days on market until sale total this month. The total percent of asking price received this month was lower 0.3%, with 95.4 percent of asking price received total this month. Year to date percent of list price received was at 97.6 total, a gain of 0.4%.

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Addison Texas Real Estate November 2016

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