Dallas North Property Sales For February 2016 Are Up 5.1%

February 2016 Real Estate Market Summary for Dallas North, TX (MLS Area 11)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 59 62 5.1 98 111 13.3
Closed Sales (Projected) 59 70 18.1 98 119 21.1
Listings Under Contract 106 108 1.9 174 168 -3.4
Average Sales Price $1,026,801 $653,328 -36.4 $847,402 $664,860 -21.5
Median Sales Price $715,000 $451,000 -36.9 $571,025 $518,900 -9.1
Percent of Original Price Received 93.8 93.8 -0.1 93.8 94.0 0.2
Days on Market Until Sale 66 54 -18.2 62 50 -19.3
Inventory of Homes for Sale 274 294 7.3
Months Supply of Inventory 3.3 3.4 1.6

This month home sales recorded increased 5.1% from last year, with 62 home sales recorded this month. Year to date the number of real estate sales reported underwent an increase of 13.3% from 2015, with 111 sold total this year. In February 2016 there were 70 projected homes sold, and this was a growth of 18.1%. Year to date the number of projected property sales was at 119 total, a gain of 21.1%. In February 2016 there was an increase of 34.7% in avg. price of pacific beach condos for sale although there are also others more affordable options as condominiums san diego for purchase. There were 167 new houses for sale total this month. Year to date the number of new properties in Dallas North was 296, a gain of 26.5%. This month there were 108 houses listed under contract, and this was an improvement of 1.9% from last year. The number of contract listings year to date in Dallas North was 168, a decline of 3.4% from February last year. The number of months supply of properties on the market this month underwent an uptick of 1.6%, with 3.4 months supply total. There was a hike of 7.3% in housing units for sale this month. There were 294 housing units for sale total this month. In Dallas North this month days on market until sale underwent a drop of 18.2% from the same point in time 2015, with 54 days total. The total percent of original asking price received in Dallas North this month was at 93.8, a slump of 0.1%. The number of percent of original asking price received in Dallas North year to date improved 0.2%, with 94.0 percent of original asking price received total this year.

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Dallas North Texas Real Estate February 2016

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