Coppell Residential Housing Sales For January 2017 Up 20.7%

January 2017 Real Estate Market Summary for Coppell, TX (MLS Area 31)
Month Year to Date
2017 2016 % Change 2017 2016 % Change
New Listings 47 54 14.9 47 54 14.9
Closed Sales (Reported) 29 35 20.7 29 35 20.7
Closed Sales (Projected) 29 39 35.6 29 39 35.6
Listings Under Contract 33 37 12.1 33 37 12.1
Average Sales Price $420,010 $402,655 -4.1 $420,010 $402,655 -4.1
Median Sales Price $410,200 $410,000 -0.0 $410,200 $410,000 -0.0
Percent of Original Price Received 95.8 96.5 0.7 95.8 96.5 0.7
Days on Market Until Sale 71 50 -30.3 71 50 -30.3
Inventory of Homes for Sale 77 83 7.8
Months Supply of Inventory 1.6 1.7 1.8

In Coppell the number of real estate sales in January 2017 was at 35, a hike of 20.7% compared to 2016. There were 35 home sales recorded year to date, and this was a hike of 20.7% from January last year. There was a growth of 35.6% in the number of projected housing sales in January 2017. There were 39 projected housing sales total this month. Year to date there was a rise of 35.6% in the number of projected property sales in Coppell. There were 39 projected property sales this year. There were 54 newly listed housing units in the market in January 2017, and this was an uptick of 14.9%. There was a rise of 14.9% in the number of new homes listed year to date. There were 54 new homes listed total this year. In Coppell there were 37 contract listings this month, and this was a gain of 12.1% from 2016. The number of contract listings year to date had a gain of 12.1% relative to 2016, with 37 under contract total this year. The number of months supply of properties on the market in Coppell this month saw a rise of 1.8%, with 1.7 months supply total. In January 2017 the number of homes for sale on the market reached 83, a gain of 7.8%. In January 2017 the number of days on market until sale showed a drop of 30.3% relative to 2016, with 50 days total. In Coppell in January 2017 percent of asking price received underwent a growth of 0.7%, with 96.5 percent total. Year to date percent of original asking price received experienced a growth of 0.7%, with 96.5 percent total this year.

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Coppell Texas Real Estate January 2017

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