Addison Residential Property Sales For January 2017 Up 11.1%

January 2017 Real Estate Market Summary for Addison, TX (MLS Area 10)
Month Year to Date
2017 2016 % Change 2017 2016 % Change
New Listings 141 128 -9.2 141 128 -9.2
Closed Sales (Reported) 81 90 11.1 81 90 11.1
Closed Sales (Projected) 81 101 24.8 81 101 24.8
Listings Under Contract 107 116 8.4 107 116 8.4
Average Sales Price $363,257 $363,584 0.1 $363,257 $363,584 0.1
Median Sales Price $320,000 $343,375 7.3 $320,000 $343,375 7.3
Percent of Original Price Received 95.4 96.7 1.5 95.4 96.7 1.5
Days on Market Until Sale 40 46 14.0 40 46 14.0
Inventory of Homes for Sale 225 185 -17.8
Months Supply of Inventory 1.6 1.3 -17.3

The number of real estate sales reported in January 2017 was up 11.1% relative to January last year, with 90 real estate sales reported this month. Year to date there was a rise of 11.1% in the number of property sales in Addison relative to January last year. There were 90 property sales total this year. This month the number of projected residential housing sales was 101 total, a gain of 24.8%. Projected homes sold year to date reached 101 total, a hike of 24.8%. In January 2017 there was a fall of 9.2% in the number of new houses in Addison. There were 128 new houses total this month. Year to date newly listed homes showed a dip of 9.2%, with 128 new on the market total this year. In January 2017 in Addison the number of listings under contract had an uptick of 8.4% in contrast to January last year, with 116 under contract total. Homes listed under contract in Addison year to date reached 116, a hike of 8.4% from last year. In January 2017 the number of months supply of houses on the market underwent a drop of 17.3%, with 1.3 months supply total. This month properties for sale in the market saw a drop of 17.8%, with 185 properties for sale in the market this month. This month there was a gain of 14% in the number of days on market until sale compared to 2016. There were 46 days on market until sale total this month. Percent of original asking price received in Addison this month saw a growth of 1.5%, with 96.7 percent of original asking price received total this month. In Addison the number of percent of asking price received year to date rose 1.5%, with 96.7 percent of asking price received this year.

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Addison Texas Real Estate January 2017


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