Dallas Northwest, Texas houses sold dip January, 2016

In Dallas Northwest, 48 houses sold during January, a 29% fall from the previous month. Housing sales year-to-date decreased 29% relative to the same period last year, with 48 houses sold this year.

Year-to-date, new homes listed are at 81 total, which is a 40% decline from last year. There were 81 new houses listed this month. Companies That Buy Houses grew 40% this month. The number of listed homes under contract in Dallas Northwest increased 7%, with 61 properties currently listed under contract. So far this year there have been 61 listed homes under contract overall, which is a 7% gain from last year. The average selling price was approximately $274,072 this month, a 2% upturn from a month ago. Year-to-date, housing sales gained 2% compared to the same period last year, the average price for a house being $274,072.

Percentage of original list prices received year-to-date went up 0% relative to the same month last year, with buyers receiving 96% of their list price. Buyers sold their houses for 96% of their list price this month, which is a 0% surge from a month ago. In total for this year, the number of days on market until sale was approximately 44 days, which is a 17% fall relative to the same period last year. The days on market until sale in Dallas Northwest went down 17%, at 44 days on market until sale. The market inventory of available homes during January in Dallas Northwest climbed 6%, the market inventory of available homes being 113 homes. During January there was a 1.8 month supply of houses on the market. The month supply of homes in Dallas Northwest gained 14% this January.

MLS Area 16 is the Multiple Listing Service Access number for Dallas Northwest, as designated by the North Texas Real Estate Information System. There are 13 counties and two major metropolitan areas in The DFW area –
Dallas-Plano-Irving and Fort Worth – which cover over 9,000 square miles. The Gross Metropolitan Product of The Dallas Fort-Worth metroplex is sixth largest in the United States and approximately tenth largest in the world. The Dallas Fort-Worth area is the most populous metropolitan region in Texas and in the South. It ranks fourth in the United States and tenth in the Americas.

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Dallas Northwest Texas Real Estate January 2016

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