Dallas Northwest Property Sales For January 2017 Higher 71.4%

January 2017 Real Estate Market Summary for Dallas Northwest, TX (MLS Area 16)
Month Year to Date
2017 2016 % Change 2017 2016 % Change
New Listings 81 89 9.9 81 89 9.9
Closed Sales (Reported) 35 60 71.4 35 60 71.4
Closed Sales (Projected) 35 67 92.6 35 67 92.6
Listings Under Contract 61 63 3.3 61 63 3.3
Average Sales Price $274,598 $368,147 34.1 $274,598 $368,147 34.1
Median Sales Price $254,620 $337,500 32.6 $254,620 $337,500 32.6
Percent of Original Price Received 95.9 97.0 1.1 95.9 97.0 1.1
Days on Market Until Sale 43 32 -24.9 43 32 -24.9
Inventory of Homes for Sale 122 130 6.6
Months Supply of Inventory 1.9 2.0 4.2

Reported houses sold in January 2017 reached 60, a climb of 71.4% relative to last year. In Dallas Northwest year to date residential properties sold saw a gain of 71.4% relative to the same point in time last year, with 60 residential properties sold this year. This month projected houses sold showed an uptick of 92.6%, with 67 projected total. There were 67 projected property sales year to date, which was a growth of 92.6%. In January 2017 there was a climb of 9.9% in the number of new houses for sale. There were 89 new houses for sale total this month. In Dallas Northwest year to date the number of newly listed residential properties in the market showed a growth of 9.9%, with 89 newly for sale total this year. Listings under contract in January 2017 in Dallas Northwest gained 3.3% compared to January last year, with 63 listings under contract total this month. In Dallas Northwest listings under contract year to date rose 3.3% from the same month 2016, with 63 listings under contract this year. This month the number of months supply of units on the market was up 4.2%, with 2.0 months supply of units on the market this month. This month there was a hike of 6.6% in the number of houses for sale. There were 130 houses for sale total this month. Days on market until sale this month subsided 24.9% from last year, with 32 days on market until sale total this month. Percent of original list price received this month had an increase of 1.1%, with 97.0 percent total. The number of percent of list price received in Dallas Northwest year to date showed a growth of 1.1%, with 97.0 percent total this year.

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Dallas Northwest Texas Real Estate January 2017

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