Dallas Northwest Residential Home Sales For November 2016 Are Higher 2.1%

November 2016 Real Estate Market Summary for Dallas Northwest, TX (MLS Area 16)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 47 48 2.1 708 696 -1.7
Closed Sales (Projected) 47 54 14.8 708 702 -0.9
Listings Under Contract 48 53 10.4 724 711 -1.8
Average Sales Price $345,159 $434,685 25.9 $315,974 $369,587 17.0
Median Sales Price $325,000 $350,000 7.7 $293,000 $330,000 12.6
Percent of Original Price Received 95.7 95.3 -0.5 96.9 96.7 -0.2
Days on Market Until Sale 39 38 -2.4 33 35 4.2
Inventory of Homes for Sale 143 147 2.8
Months Supply of Inventory 2.2 2.3 6.7

The number of recorded houses sold in November 2016 in Dallas Northwest increased 2.1% relative to 2015, with 48 recorded houses sold this month. In Dallas Northwest there was a decrease of 1.7% in the number of recorded properties sold year to date from November last year. There were 696 recorded properties sold total this year. There was an improvement of 14.8% in the number of projected real estate sales in November 2016. There were 54 projected real estate sales total this month. In Dallas Northwest there were 702 projected home sales year to date, which was a fall of 0.9%. New houses listed in the market this month in Dallas Northwest was at 68 total, an improvement of 9.7%. Year to date there were 1008 new houses for sale in Dallas Northwest, which was a growth of 6.2%. In November 2016 the number of listings under contract was at 53 total, an uptick of 10.4% in contrast to last year. Year to date houses listed under contract reached 711 total, a decline of 1.8% in contrast to 2015. Approximate months supply of housing inventory in November 2016 had a rise of 6.7%, with 2.3 months supply total. This month there was a rise of 2.8% in the number of houses for sale on the market. There were 147 houses for sale on the market total this month. In November 2016 the number of days on market until sale in Dallas Northwest saw a down-slide of 2.4% in contrast to November 2015, with 38 days total. Percent of original list price received this month underwent a decline of 0.5%, with 95.3 percent total. Year to date the number of percent of original list price received in Dallas Northwest was down 0.2%, with 96.7 percent of original list price received this year.

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Dallas Northwest Texas Real Estate November 2016

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