Dallas Northwest Residential Home Sales For December 2016 Are Lower 16.7%

December 2016 Real Estate Market Summary for Dallas Northwest, TX (MLS Area 16)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
New Listings 52 67 28.8 1001 1075 7.4
Closed Sales (Reported) 60 50 -16.7 768 746 -2.9
Closed Sales (Projected) 60 56 -6.4 768 752 -2.1
Listings Under Contract 38 50 31.6 762 7620.0
Average Sales Price $377,174 $369,573 -2.0 $320,755 $369,586 15.2
Median Sales Price $327,500 $314,000 -4.1 $295,000 $330,000 11.9
Percent of Original Price Received 96.4 94.0 -2.5 96.9 96.6 -0.4
Days on Market Until Sale 33 47 40.6 33 35 6.7
Inventory of Homes for Sale 117 127 8.5
Months Supply of Inventory 1.8 2.0 11.7

Recorded properties sold this month in Dallas Northwest reached 50, a slump of 16.7% relative to 2015. Year to date there were 746 home sales, which was a down-slide of 2.9% compared to December last year. There was a dip of 6.4% in the number of projected home sales in December 2016. There were 56 projected home sales total this month. The number of projected homes sold year to date reached 752 total, a fall of 2.1%. New housing units listed in December 2016 was 67 total, an improvement of 28.8%. There was a hike of 7.4% in the number of new homes year to date. There were 1075 new homes this year. In December 2016 there was a growth of 31.6% in the number of contract listings in contrast to last year. There were 50 contract listings total this month. The number of properties listed under contract in Dallas Northwest year to date saw no difference from last year, with 7620.0 on contract total this year. In Dallas Northwest there was an improvement of 11.7% in the number of months supply of units on the market this month. There were 2.0 months supply of units on the market total this month. In Dallas Northwest there was a growth of 8.5% in the number of homes for sale on the market this month. There were 127 homes for sale on the market total this month. The number of days on market until sale in December 2016 saw a hike of 40.6% from 2015, with 47 days on market until sale total this month. This month the total percent of original list price received dwindled 2.5%, with 94.0 percent of original list price received total this month. In Dallas Northwest the number of percent of original list price received year to date saw a fall of 0.4%, with 96.6 percent of original list price received this year.

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Dallas Northwest Texas Real Estate December 2016

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