Denton Home Sales For November 2016 Higher 14.9%

November 2016 Real Estate Market Summary for Denton, TX (MLS Area 31)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 47 54 14.9 673 691 2.7
Closed Sales (Projected) 47 61 29.1 673 698 3.7
Listings Under Contract 44 62 40.9 686 726 5.8
Average Sales Price $185,399 $218,052 17.6 $178,705 $206,161 15.4
Median Sales Price $175,000 $188,000 7.4 $162,000 $185,000 14.2
Percent of Original Price Received 97.0 99.8 2.9 98.9 99.8 0.9
Days on Market Until Sale 29 25 -14.0 26 22 -16.4
Inventory of Homes for Sale 91 66 -27.5
Months Supply of Inventory 1.5 1.1 -29.0

There were 54 property sales in November 2016, and this was a climb of 14.9% from last year. Year to date reported residential properties sold saw a gain of 2.7% in contrast to November last year, with 691 reported residential properties sold this year. In Denton the number of projected houses sold in November 2016 was higher 29.1%, with 61 projected houses sold total this month. There were 698 projected residential properties sold year to date, and this was an improvement of 3.7%. In Denton this month the number of new houses listed reached 61 total, an increase of 7%. Year to date there was a rise of 3.7% in new units listed in Denton. There were 822 new units listed this year. This month there were 62 units listed under contract, and this was a climb of 40.9% from last year. In Denton year to date listings under contract underwent a rise of 5.8% from 2015, with 726 listed under contract total this year. There were 1.1 months supply of residential property inventory in November 2016, which was a fall of 29%. In November 2016 the number of residential properties for sale on the market experienced a dip of 27.5%, with 66 listed in the market total. This month the number of days on market until sale underwent a dip of 14% in contrast to last year, with 25 days total. This month the total percent of asking price received was at 99.8, a rise of 2.9%. Year to date the number of percent of asking price received reached 99.8, an improvement of 0.9%.

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Denton Texas Real Estate November 2016


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