University Park Home Sales For December 2016 Lower 10%

December 2016 Real Estate Market Summary for University Park, TX (MLS Area 25)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
New Listings 44 440.0 1466 1518 3.5
Closed Sales (Reported) 80 72 -10.0 904 854 -5.5
Closed Sales (Projected) 80 81 1.1 904 863 -4.5
Listings Under Contract 48 36 -25.0 918 846 -7.8
Average Sales Price $1,339,747 $1,350,826 0.8 $1,126,084 $1,232,615 9.5
Median Sales Price $1,007,500 $1,125,000 11.7 $905,138 $999,500 10.4
Percent of Original Price Received 92.5 92.5 0.0 94.8 94.0 -0.8
Days on Market Until Sale 72 73 0.9 55 63 16.1
Inventory of Homes for Sale 238 306 28.6
Months Supply of Inventory 3.2 4.3 36.1

In December 2016 there was a dip of 10% in the number of houses sold in University Park from 2015. There were 72 houses sold total this month. The number of housing sales year to date showed a drop of 5.5% relative to December 2015, with 854 sold total this year. In University Park this month the number of projected properties sold was at 81 total, a growth of 1.1%. There was a fall of 4.5% in projected property sales year to date. There were 863 projected property sales total this year. In December 2016 the number of new listings in the market showed an uptick of 1466%, with 440.0 new on the market total. The number of new residential properties in the market in University Park year to date showed no difference, with 3.5 newly listed total this year. This month the number of properties listed under contract in University Park saw a drop of 25% in contrast to December last year, with 36 properties listed under contract total this month. Contract listings year to date subsided 7.8% relative to last year, with 846 contract listings total this year. There was a hike of 36.1% in the number of months supply of residential properties on the market in December 2016. There were 4.3 months supply of residential properties on the market total this month. Residential properties for sale in the market this month in University Park reached 306 total, a rise of 28.6%. In December 2016 days on market until sale was higher 0.9% from 2015, with 73 days on market until sale total this month. The total percent of list price received in University Park in December 2016 reached 92.5, no difference. Year to date percent of asking price received was 94.0, a fall of 0.8%.

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University Park Texas Real Estate December 2016


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