Denton Residential Housing Sales For January 2017 Higher 35%

January 2017 Real Estate Market Summary for Denton, TX (MLS Area 31)
Month Year to Date
2017 2016 % Change 2017 2016 % Change
New Listings 59 63 6.8 59 63 6.8
Closed Sales (Reported) 35 350.0 35 350.0
Closed Sales (Projected) 35 39 12.4 35 39 12.4
Listings Under Contract 49 53 8.2 49 53 8.2
Average Sales Price $174,196 $234,687 34.7 $174,196 $234,687 34.7
Median Sales Price $164,900 $205,000 24.3 $164,900 $205,000 24.3
Percent of Original Price Received 99.1 97.9 -1.2 99.1 97.9 -1.2
Days on Market Until Sale 31 28 -8.1 31 28 -8.1
Inventory of Homes for Sale 88 64 -27.3
Months Supply of Inventory 1.5 1.0 -30.0

Property sales recorded this month was 350.0, a hike of 35% from January last year. In Denton the number of houses sold year to date showed no change relative to last year, with sold total this year. Projected real estate sales this month increased 12.4%, with 39 projected real estate sales this month. Projected residential property sales year to date reached 39 total, a rise of 12.4%. In Denton there was an uptick of 6.8% in newly listed homes in the market this month. There were 63 newly listed homes in the market total this month. In Denton there was a climb of 6.8% in newly listed houses year to date. There were 63 newly listed houses this year. This month the number of listings under contract had a growth of 8.2% relative to the same time of year last year, with 53 under contract total. The number of contract listings in Denton year to date reached 53, a rise of 8.2% from last year. The number of approximate months supply of real estate inventory this month reached 1.0 total, a down-slide of 30%. There was a fall of 27.3% in the number of housing units for sale in the market this month. There were 64 housing units for sale in the market total this month. This month days on market until sale in Denton reached 28 total, a dip of 8.1% relative to 2016. This month percent of asking price received in Denton reached 97.9 total, a decrease of 1.2%. Percent of list price received in Denton year to date had a down-slide of 1.2%, with 97.9 percent total this year.

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Denton Texas Real Estate January 2017

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