University Park Property Sales For January 2017 Down 2.2%

January 2017 Real Estate Market Summary for University Park, TX (MLS Area 25)
Month Year to Date
2017 2016 % Change 2017 2016 % Change
New Listings 113 150 32.7 113 150 32.7
Closed Sales (Reported) 46 45 -2.2 46 45 -2.2
Closed Sales (Projected) 46 51 9.9 46 51 9.9
Listings Under Contract 53 84 58.5 53 84 58.5
Average Sales Price $927,596 $1,293,560 39.5 $927,596 $1,293,560 39.5
Median Sales Price $829,500 $1,315,000 58.5 $829,500 $1,315,000 58.5
Percent of Original Price Received 93.6 90.9 -2.9 93.6 90.9 -2.9
Days on Market Until Sale 71 88 24.1 71 88 24.1
Inventory of Homes for Sale 274 319 16.4
Months Supply of Inventory 3.6 4.5 25.0

In University Park this month the number of property sales experienced a decrease of 2.2% in contrast to 2016, with 45 sold total. Year to date there was a dip of 2.2% in recorded housing units sold in University Park compared to the same point in time 2016. There were 45 recorded housing units sold total this year. In University Park there was a hike of 9.9% in projected property sales this month. There were 51 projected property sales total this month. Projected residential properties sold year to date in University Park reached 51 total, a hike of 9.9%. In January 2017 new properties in the market saw a climb of 32.7%, with 150 new on the market total. Year to date there were 150 new homes listed in the market, and this was an improvement of 32.7%. In January 2017 in University Park homes listed under contract saw an increase of 58.5% compared to 2016, with 84 homes listed under contract total this month. The number of contract listings year to date in University Park underwent a climb of 58.5% from the same period last year, with 84 on contract total this year. The number of months supply of residential properties on the market in January 2017 reached 4.5 total, an uptick of 25%. Residential properties for sale on the market this month in University Park saw an uptick of 16.4%, with 319 listed total. This month there was a climb of 24.1% in the number of days on market until sale in contrast to the same month last year. There were 88 days on market until sale total this month. In University Park this month percent of original asking price received saw a fall of 2.9%, with 90.9 percent total. Percent of asking price received year to date had a dip of 2.9%, with 90.9 percent total this year.

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University Park Texas Real Estate January 2017

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