Dallas North, Texas housing sales upturn January, 2016

There were 127 new housing listings this month, a 16% gain from the previous month. New housing listings went up 16% relative to the same month last year, with 39 properties sold this year. Listed houses under contract so far this year decreased 19% compared to the same month last year, with 55 properties sold. Listed houses under contract in Dallas North fell 19% this month, with 55 houses currently listed under contract this month. The average price for a house was about $686,295 year-to-date, which is a 19% upturn from a year ago. This January, the average price for a home for houses in Dallas North was about $686,295, a 19% upturn from last month.

On average year-to-date, buyers sold their houses for 94% of their listed price, which is a 1% increase from a year ago. Buyers got 94% of their asking price this month, a 0% surge from the previous month. The days on market until sale in Dallas North fell 20%, at 44 days on market until sale. Year-to-date, houses sold fell 20% compared to the same period last year, at 44 days on market until sale. The current supply of active listings on the market in Dallas North declined 7%, with 263 being the current supply of active listings on the market. This January there was a 3.0 month supply of homes on the market, a 12% decrease from the previous month.

MLS Area 11 is the Multiple Listing Service Access number for Dallas North, as designated by the North Texas Real Estate Information System. There are 13 counties and two major metropolitan regions in The DFW metroplex –
Dallas-Plano-Irving and Fort Worth – which cover over 9,000 square miles. The Dallas Fort-Worth area is the most populous metropolitan area in Texas and in the South. It ranks fourth in the United States and tenth in the Americas. The Gross Metropolitan Product of The DFW area is sixth largest in the United States and approximately tenth largest in the world.

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Dallas North Texas Real Estate January 2016

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