Dallas Uptown Including Oaklawn And Turtle Creek Residential Property Sales For November 2016 Lower 15.6%

November 2016 Real Estate Market Summary for Dallas Uptown including Oaklawn and Turtle Creek, TX (MLS Area 17)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 96 81 -15.6 1322 1210 -8.5
Closed Sales (Projected) 96 91 -5.2 1322 1220 -7.7
Listings Under Contract 83 76 -8.4 1360 1229 -9.6
Average Sales Price $335,581 $475,940 41.8 $388,860 $397,908 2.3
Median Sales Price $254,500 $299,500 17.7 $275,000 $290,000 5.5
Percent of Original Price Received 96.5 95.6 -0.9 96.9 96.9 -0.1
Days on Market Until Sale 36 44 20.1 39 38 -2.0
Inventory of Homes for Sale 285 383 34.4
Months Supply of Inventory 2.4 3.5 47.3

There were 81 reported houses sold this month, which was a slump of 15.6% relative to last year. Year to date in Dallas Uptown including Oaklawn and Turtle Creek the number of residential housing sales was 1210 total, a fall of 8.5% relative to November last year. This month the number of projected units sold was lower 5.2%, with 91 projected units sold total this month. The number of projected real estate sales in Dallas Uptown including Oaklawn and Turtle Creek year to date reached 1220, a fall of 7.7%. In Dallas Uptown including Oaklawn and Turtle Creek the number of newly listed properties this month underwent a drop of 16.5%, with 96 newly listed total. Year to date the number of new houses in the market was higher 2.2%, with 1757 new houses in the market this year. In Dallas Uptown including Oaklawn and Turtle Creek this month listings under contract was at 76 total, a slump of 8.4% relative to the same period last year. Year to date there were 1229 residential properties listed under contract in Dallas Uptown including Oaklawn and Turtle Creek, which was a dip of 9.6% compared to November last year. In November 2016 there were 3.5 months supply of residential properties on the market, and this was a growth of 47.3%. In November 2016 there was a climb of 34.4% in the number of homes for sale on the market in Dallas Uptown including Oaklawn and Turtle Creek. There were 383 homes for sale on the market total this month. This month there were 44 days on market until sale in Dallas Uptown including Oaklawn and Turtle Creek, and this was an uptick of 20.1% from last year. The total percent of original asking price received this month reached 95.6, a down-slide of 0.9%. The number of percent of original asking price received year to date in Dallas Uptown including Oaklawn and Turtle Creek was down 0.1%, with 96.9 percent of original asking price received this year.

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Dallas Uptown including Oaklawn and Turtle Creek Texas Real Estate November 2016

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