Coppell Residential Home Sales For November 2016 Up 27.6%

November 2016 Real Estate Market Summary for Coppell, TX (MLS Area 31)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 29 37 27.6 506 539 6.5
Closed Sales (Projected) 29 42 43.4 506 544 7.4
Listings Under Contract 34 41 20.6 541 569 5.2
Average Sales Price $345,271 $483,611 40.1 $394,599 $425,252 7.8
Median Sales Price $335,000 $459,000 37.0 $362,613 $405,000 11.7
Percent of Original Price Received 98.4 94.8 -3.7 98.3 97.7 -0.6
Days on Market Until Sale 38 57 48.1 38 41 6.6
Inventory of Homes for Sale 97 104 7.2
Months Supply of Inventory 2.2 2.1 -2.2

In Coppell the number of home sales reported in November 2016 was up 27.6% from last year, with 37 home sales reported total this month. Year to date homes sold saw an uptick of 6.5% from November last year, with 539 homes sold total this year. The number of projected real estate sales in November 2016 showed an uptick of 43.4%, with 42 projected total. There were 544 projected residential properties sold year to date, and this was a climb of 7.4%. This month in Coppell new homes in the market was 32 total, a down-slide of 5.9%. There were 752 new houses in the market year to date, which was an improvement of 11.1%. In November 2016 properties listed under contract was 41, a climb of 20.6% compared to last year. Homes listed under contract year to date in Coppell showed a rise of 5.2% relative to November last year, with 569 under a contract total this year. In November 2016 in Coppell approximate months supply of real estate inventory experienced a drop of 2.2%, with 2.1 months supply total. Houses for sale in Coppell this month saw an improvement of 7.2%, with 104 houses for sale this month. In Coppell days on market until sale in November 2016 was 57 total, a rise of 48.1% from 2015. In Coppell the total percent of original asking price received this month was 94.8, a drop of 3.7%. The number of percent of original asking price received year to date in Coppell was at 97.7, a fall of 0.6%.

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Coppell Texas Real Estate November 2016


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