Coppell Housing Sales For December 2016 Are Lower 3.9%

December 2016 Real Estate Market Summary for Coppell, TX (MLS Area 31)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
New Listings 22 23 4.5 699 775 10.9
Closed Sales (Reported) 51 49 -3.9 557 590 5.9
Closed Sales (Projected) 51 55 8.0 557 596 7.0
Listings Under Contract 30 33 10.0 571 596 4.4
Average Sales Price $369,532 $428,146 15.9 $392,303 $425,571 8.5
Median Sales Price $352,000 $400,000 13.6 $362,500 $405,000 11.7
Percent of Original Price Received 96.4 96.8 0.4 98.1 97.6 -0.5
Days on Market Until Sale 55 42 -24.1 40 41 3.1
Inventory of Homes for Sale 71 80 12.7
Months Supply of Inventory 1.5 1.6 6.4

There were 49 housing sales this month, which was a slump of 3.9% in contrast to the same time of year last year. The number of home sales year to date saw a rise of 5.9% in contrast to 2015, with 590 sold total this year. In Coppell in December 2016 projected real estate sales experienced a gain of 8%, with 55 projected total. Year to date there was an increase of 7% in projected housing sales. There were 596 projected housing sales total this year. This month the number of new home listings had a climb of 4.5%, with 23 newly for sale total. Year to date in Coppell newly listed homes in the market was at 775 total, a gain of 10.9%. This month properties listed under contract in Coppell saw an improvement of 10% compared to last year, with 33 on contract total. Year to date in Coppell the number of listings under contract underwent a gain of 4.4% relative to 2015, with 596 on contract total this year. In December 2016 in Coppell the number of approximate months supply of houses on the market saw a hike of 6.4%, with 1.6 approximate months supply of houses on the market total this month. Properties for sale this month reached 80, a climb of 12.7%. In December 2016 there was a down-slide of 24.1% in the number of days on market until sale compared to 2015. There were 42 days on market until sale total this month. This month the total percent of original list price received reached 96.8, an improvement of 0.4%. Percent of original list price received year to date slid 0.5%, with 97.6 percent of original list price received this year.

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Coppell Texas Real Estate December 2016


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