Dallas North Residential Home Sales For January 2017 Are Down 4.1%

January 2017 Real Estate Market Summary for Dallas North, TX (MLS Area 11)
Month Year to Date
2017 2016 % Change 2017 2016 % Change
New Listings 129 154 19.4 129 154 19.4
Closed Sales (Reported) 49 47 -4.1 49 47 -4.1
Closed Sales (Projected) 49 53 7.8 49 53 7.8
Listings Under Contract 59 86 45.8 59 86 45.8
Average Sales Price $679,452 $592,009 -12.9 $679,452 $592,009 -12.9
Median Sales Price $600,000 $500,000 -16.7 $600,000 $500,000 -16.7
Percent of Original Price Received 94.3 95.2 1.0 94.3 95.2 1.0
Days on Market Until Sale 44 51 14.9 44 51 14.9
Inventory of Homes for Sale 267 283 6.0
Months Supply of Inventory 3.1 3.4 10.1

In January 2017 reported houses sold was down 4.1% from last year, with 47 reported houses sold total this month. Year to date in Dallas North the number of homes sold experienced a drop of 4.1% from January 2016, with 47 sold total this year. This month there was an improvement of 7.8% in the number of projected homes sold in Dallas North. There were 53 projected homes sold total this month. There was a climb of 7.8% in projected real estate sales year to date. There were 53 projected real estate sales total this year. There were 154 new houses for sale this month, and this was a gain of 19.4%. In Dallas North year to date new houses in the market showed an improvement of 19.4%, with 154 new on the market total this year. In Dallas North contract listings this month was at 86 total, a hike of 45.8% in contrast to last year. Year to date there was a rise of 45.8% in the number of homes listed under contract from January 2016. There were 86 homes listed under contract total this year. In January 2017 in Dallas North months supply of residential properties on the market reached 3.4 total, a gain of 10.1%. In Dallas North in January 2017 properties for sale saw an increase of 6%, with 283 listed in the market total. In Dallas North there were 51 days on market until sale this month, which was a hike of 14.9% from 2016. In Dallas North in January 2017 percent of asking price received experienced an improvement of 1%, with 95.2 percent total. Year to date in Dallas North the number of percent of original asking price received went up 1%, with 95.2 percent of original asking price received this year.

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Dallas North Texas Real Estate January 2017

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