Addison, Texas home sales fall January, 2016

Houses sold during January in Addison declined 18%, with 98 houses sold. Home sales so far this year fell 18% compared to the same month last year, with 98 houses sold this year.

There were 141 new houses listed this month, a 11% gain from last month. Year-to-date, home sales gained 11% relative to the same month last year, with 98 homes sold during 2016. Year-to-date, home sales went down 11% relative to the same month last year, with 104 houses sold. Listed homes under contract during January in Addison fell 11%, with 104 houses currently listed under contract this month. The average price for a home in Addison rose 24% . Year-to-date, the average price for a home was about $365,435, which is a 24% upturn from a year ago.

So far this year, the percentage of asking price received went down 1% relative to the same month last year, with percentage of original list prices received at 95%. Buyers sold their houses for 95% of their listed price this month, which is a 0% growth from a month ago. Overall this year, houses spent approximately 40 days in the market until sold., which is a 10% fall from last year. This month, properties spent an average of 40 days in the market until sold, which is a 10% decline from last month. The market supply of homes in Addison went down 12% this January, the current supply of active listings on the market being 213 homes. The month supply of homes during January in Addison fell 3%, with a 1.5 month supply of houses.

MLS Area 12 is the Multiple Listing Service Access number for Addison, as designated by the North Texas Real Estate Information System. There are 13 counties and two major metropolitan regions in DFW –
Dallas-Plano-Irving and Fort Worth – which cover over 9,000 square miles. The DFW area is the most populous metropolitan region in Texas and in the South. It ranks fourth in the United States and tenth in the Americas. It is sixth largest by Gross Metropolitan Product in the United States, and is approximately tenth largest by GMP in the world.

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Addison Texas Real Estate January 2016


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