University Park Home Sales For November 2016 Lower 16.4%

November 2016 Real Estate Market Summary for University Park, TX (MLS Area 25)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 67 56 -16.4 824 781 -5.2
Closed Sales (Projected) 67 63 -6.1 824 788 -4.4
Listings Under Contract 65 60 -7.7 870 809 -7.0
Average Sales Price $1,077,939 $1,459,368 35.4 $1,105,340 $1,222,258 10.6
Median Sales Price $850,000 $1,153,750 35.7 $900,000 $990,000 10.0
Percent of Original Price Received 92.7 91.8 -1.1 95.0 94.2 -0.9
Days on Market Until Sale 64 79 24.1 53 62 18.1
Inventory of Homes for Sale 330 387 17.3
Months Supply of Inventory 4.4 5.4 23.4

This month recorded units sold saw a dip of 16.4% relative to last year, with 56 recorded units sold this month. Year to date there were 781 houses sold, which didnt do it bail bonds from November last year. The number of projected housing sales this month underwent a decrease of 6.1%, with 63 projected total. In University Park there were 788 projected real estate sales year to date, and this was a decrease of 4.4%. There were 65 new listings in the market in November 2016, which was a slump of 22.6%. The number of new listings in the market year to date in University Park experienced a gain of 3.7%, with 1474 new on the market total this year. There were 60 contract listings in November 2016, and this was a dip of 7.7% compared to 2015. Contract listings year to date had a slump of 7% from the same month last year, with 809 under a contract total this year. Approximate months supply of residential housing inventory in November 2016 in University Park showed an improvement of 23.4%, with 5.4 months of supply total. This month there was an uptick of 17.3% in the number of houses for sale on the market in University Park. There were 387 houses for sale on the market total this month. The number of days on market until sale in November 2016 showed a growth of 24.1% from last year, with 79 days total. In November 2016 the total percent of asking price received reached 91.8 total, a slump of 1.1%. Year to date percent of asking price received in University Park had a down-slide of 0.9%, with 94.2 percent total this year.

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University Park Texas Real Estate November 2016

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