Dallas North Home Sales For December 2016 Are Lower 18.3%

December 2016 Real Estate Market Summary for Dallas North, TX (MLS Area 11)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
New Listings 56 75 33.9 1485 1609 8.4
Closed Sales (Reported) 93 76 -18.3 1026 994 -3.1
Closed Sales (Projected) 93 85 -8.2 1026 1003 -2.2
Listings Under Contract 59 60 1.7 1045 996 -4.7
Average Sales Price $885,617 $789,917 -10.8 $798,159 $767,081 -3.9
Median Sales Price $650,000 $557,750 -14.2 $580,300 $600,500 3.5
Percent of Original Price Received 93.0 93.5 0.5 94.8 94.5 -0.3
Days on Market Until Sale 48 70 44.4 52 51 -3.2
Inventory of Homes for Sale 231 256 10.8
Months Supply of Inventory 2.7 3.1 14.4

The number of housing sales reported in December 2016 in Dallas North was at 76, a down-slide of 18.3% from last year. In Dallas North there were 994 homes sold year to date, and this was a drop of 3.1% relative to the same point in time last year. In Dallas North this month the number of projected houses sold saw a slump of 8.2%, with 85 projected houses sold this month. In Dallas North projected houses sold year to date showed a down-slide of 2.2%, with 1003 projected total this year. The number of newly listed residential properties in the market in Dallas North this month had an uptick of 33.9%, with 75 newly listed total. New homes for sale year to date saw a growth of 8.4%, with 1609 newly listed total this year. This month there were 60 contract listings in Dallas North, which was a growth of 1.7% from last year. There were 996 listings under contract year to date, and this was a fall of 4.7% in contrast to last year. This month approximate months supply of residential housing inventory was higher 14.4%, with 3.1 approximate months supply of residential housing inventory this month. This month there were 256 properties for sale in Dallas North, which was a hike of 10.8%. In Dallas North the number of days on market until sale in December 2016 was up 44.4% in contrast to 2015, with 70 days on market until sale total this month. Percent of list price received in Dallas North this month reached 93.5, a gain of 0.5%. The number of percent of original list price received year to date was at 94.5 total, a down-slide of 0.3%.

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Dallas North Texas Real Estate December 2016

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