Dallas Northwest, Texas home sales decline 25% this month

There were 77 housing sales in Dallas Northwest this December, a 25% dip from the previous month. This year there have been 808 housing sales total, which is a 6% fall compared to the same period last year.

There were 52 new home properties listed in December of this year. New houses listed in Dallas Northwest climbed 6% this month. So far this year there, have been 999 new homes listed in all, which is a 3% drop relative to the same month last year. This month, there were 38 houses currently listed in Dallas Northwest, a 30% dip from a month ago. Overall this year, home sales dipped 6% relative to the same period last year, with 762 properties sold during 2015. In December of this year, the average sales price for houses in Dallas Northwest was approximately $383,715, a 23% growth from the previous month. The average home sales price was approximately $320,842 year-to-date, which is a 9% growth relative to the same month last year.

Percentage of asking price received so far this year grew 1% compared to the same month last year, with buyers receiving 97% of their original price. The percentage of original list prices received in Dallas Northwest grew 0% this December, with buyers receiving 97% of their listed price. Cumulatively this year, homes sold dipped 19% compared to the same month last year, at 33 days on market until sale. The days on market until sale in December of this year in Dallas Northwest dipped 31%, at 34 days on market until sale. This month, the market supply of homes was 109 houses. The current supply of active listings on the market in Dallas Northwest went down 11% during December. This month there was a 1.7 month supply of houses on the market. The month supply of houses in Dallas Northwest declined 5%.

MLS Area is the Multiple Listing Service Access number for Dallas Northwest, as designated by the North Texas Real Estate Information System. DFW has 13 counties and two major metropolitan areas – Dallas-Plano-Irving and Fort Worth – in an area of over 9,000 square miles. It is sixth largest by Gross Metropolitan Product in the United States, and is about tenth largest by GMP in the world. by population, The Dallas Fort-Worth area is the area that ranks first in Texas and in the South, and fourth in the United States.

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Dallas Northwest Texas Real Estate December 2015

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