Denton, Texas home sales fall January, 2016

In Denton, 38 homes sold this month, which is a 16% fall from a month ago. During 2016, homes sold are at 38 in all, which is a 16% decrease relative to the same period last year.

New home properties listed year-to-date gained 34% relative to the same period last year, with 38 properties sold so far this year. This January, the number of new homes listed in Denton gained 34%, with 59 properties listed this month. Listings under contract in Denton dipped 6% this January, with 48 properties currently listed under contract. So far this year, listed houses under contract are at 48 in all, which is a 6% fall compared to the same month last year. Year-to-date, the average price for a house was approximately $174,108, which is a 16% increase from last year. The average price for a home this January in Denton increased 16% .

The average percentage of asking price received year-to-date is 100%, which is a 4% increase relative to the same period last year. The percentage of asking price received by buyers in Denton grew 0% this January, with percentage of asking price received at 100%. Days on market until sale year-to-date fell 40% compared to the same period last year, at 27 days on market until sale. This month, houses spent an average of 27 days in the market until sold, which is a 40% decrease from a month ago. The current supply of active listings on the market in Denton grew 18%, the market supply of homes being 73 properties. The month supply of homes in Denton went up 30%, with a 1.2 month supply of homes on the market.

MLS Area 31 is the Multiple Listing Service Access number for Denton, as designated by the North Texas Real Estate Information System. There are 13 counties and two major metropolitan divisions in The DFW area –
Dallas-Plano-Irving and Fort Worth – which stretch across over 9,000 square miles. The DFW metroplex is sixth largest by Gross Metropolitan Product in the United States, and is about tenth largest by GMP in the world. in regards to population, The Dallas Fort-Worth metroplex is the region that ranks first in Texas and in the South, and fourth in the United States.

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Denton Texas Real Estate January 2016

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