Denton Home Sales For December 2016 Are Flat

December 2016 Real Estate Market Summary for Denton, TX (MLS Area 31)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
New Listings 49 40 -18.4 842 863 2.5
Closed Sales (Reported) 57 57.0 730 750 2.7
Closed Sales (Projected) 57 64 12.4 730 757 3.7
Listings Under Contract 40 41 2.5 726 767 5.6
Average Sales Price $190,772 $212,381 11.3 $179,647 $206,591 15.0
Median Sales Price $165,000 $190,000 15.2 $162,810 $185,000 13.6
Percent of Original Price Received 98.5 98.6 0.1 98.9 99.7 0.9
Days on Market Until Sale 27 33 20.8 26 23 -13.7
Inventory of Homes for Sale 88 59 -33.0
Months Supply of Inventory 1.4 0.9 -34.7

In Denton real estate sales recorded in December 2016 was at 57.0 total, an increase of 0% relative to the same month 2015. In Denton there were 2.7 recorded properties sold year to date, which was no difference in contrast to 2015. In December 2016 in Denton the number of projected residential housing sales saw a growth of 12.4%, with 64 projected total. Projected houses sold year to date improved 3.7%, with 757 projected houses sold total this year. There was a fall of 18.4% in the number of new residential properties in December 2016. There were 40 new residential properties total this month. The number of new home listings in the market year to date in Denton saw a gain of 2.5%, with 863 newly for sale total this year. There was an uptick of 2.5% in the number of contract listings this month in contrast to 2015. There were 41 contract listings total this month. Year to date there were 767 contract listings in Denton, which was a hike of 5.6% relative to December last year. In Denton in December 2016 months supply of homes on the market was lower 34.7%, with 0.9 months supply of homes on the market total this month. The number of houses for sale on the market in Denton this month was at 59, a fall of 33%. This month the number of days on market until sale saw a climb of 20.8% in contrast to December 2015, with 33 days total. Percent of asking price received in Denton in December 2016 reached 98.6, a gain of 0.1%. In Denton year to date the number of percent of asking price received was at 99.7 total, an uptick of 0.9%.

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Denton Texas Real Estate December 2016


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