Dallas North Residential Housing Sales For November 2016 Lower 16%

November 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) 75 63 -16.0 933 916 -1.8
Closed Sales (Projected) 75 71 -5.6 933 924 -1.0
Listings Under Contract 75 62 -17.3 986 936 -5.1
Average Sales Price $706,908 $845,792 19.6 $789,441 $764,803 -3.1
Median Sales Price $575,000 $704,500 22.5 $575,000 $605,000 5.2
Percent of Original Price Received 94.4 93.6 -0.9 95.0 94.6 -0.4
Days on Market Until Sale 51 64 25.8 53 49 -7.3
Inventory of Homes for Sale 311 331 6.4
Months Supply of Inventory 3.7 3.9 6.7

Residential property sales in November 2016 saw a fall of 16% from the same point in time last year, with 63 residential property sales this month. There was a down-slide of 1.8% in houses sold year to date compared to the same point in time last year. There were 916 houses sold total this year. In November 2016 projected real estate sales saw a decline of 5.6%, with 71 projected real estate sales total this month. In Dallas North year to date the number of projected housing sales showed a decrease of 1%, with 924 projected total this year. In Dallas North there were 83 new units this month, which was a slump of 13.5%. In Dallas North there was an uptick of 7.3% in newly listed homes in the market year to date. There were 1534 newly listed homes in the market this year. This month in Dallas North the number of homes listed under contract was 62, a slump of 17.3% from November last year. Year to date the number of contract listings had a dip of 5.1% compared to November 2015, with 936 on contract total this year. Approximate months supply of houses on the market this month in Dallas North gained 6.7%, with 3.9 approximate months supply of houses on the market total this month. This month there were 331 units for sale in Dallas North, which was a climb of 6.4%. In November 2016 the number of days on market until sale reached 64 total, an increase of 25.8% relative to the same time of year last year. The total percent of list price received in Dallas North this month slumped 0.9%, with 93.6 percent of list price received total this month. Year to date the number of percent of asking price received in Dallas North reached 94.6 total, a decrease of 0.4%.

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Dallas North Texas Real Estate November 2016

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