Dallas Northwest Residential Housing Sales For February 2016 Are Up 25%

February 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) 52 65 25.0 100 1000.0
Closed Sales (Projected) 52 73 40.4 100 108 8.0
Listings Under Contract 53 75 41.5 110 137 24.5
Average Sales Price $312,555 $356,736 14.1 $292,147 $327,988 12.3
Median Sales Price $301,000 $322,500 7.1 $283,950 $300,000 5.7
Percent of Original Price Received 94.1 97.6 3.7 94.9 97.0 2.2
Days on Market Until Sale 54 36 -32.8 53 38 -27.7
Inventory of Homes for Sale 115 117 1.7
Months Supply of Inventory 1.7 1.8 6.8

This month recorded houses sold gained 25% in contrast to last year, with 65 recorded houses sold total this month. In Dallas Northwest there was no change in the number of real estate sales recorded year to date from February last year. There were 1000.0 real estate sales recorded this year. In February 2016 projected homes sold saw an improvement of 40.4%, with 73 projected homes sold this month. Year to date there was a hike of 8% in projected homes sold in Dallas Northwest. There were 108 projected homes sold total this year. In Dallas Northwest there was an increase of 26.3% in newly listed homes in the market in February 2016. There were 96 newly listed homes in the market total this month. New houses listed year to date showed an improvement of 32.1%, with 177 new on the market total this year. The number of contract listings in February 2016 underwent a gain of 41.5% relative to the same time of year last year, with 75 under contract total. Year to date there was a hike of 24.5% in listings under contract from last year. There were 137 listings under contract this year. In Dallas Northwest there were 1.8 approximate months supply of housing inventory this month, which was a climb of 6.8%. Homes for sale this month in Dallas Northwest saw a rise of 1.7%, with 117 listed in the market total. In February 2016 in Dallas Northwest the number of days on market until sale underwent a down-slide of 32.8% compared to 2015, with 36 days total. In Dallas Northwest this month the total percent of asking price received reached 97.6, a hike of 3.7%. The number of percent of asking price received in Dallas Northwest year to date was up 2.2%, with 97.0 percent of asking price received total this year.

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Dallas Northwest Texas Real Estate February 2016


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