Farmers Branch Residential Home Sales For December 2016 Higher 7.1%

December 2016 Real Estate Market Summary for Farmers Branch, TX
Month Year to Date
2016 2015 % Change 2016 2015 % Change
New Listings 110 121 10.0 2537 2588 2.0
Closed Sales (Reported) 184 197 7.1 2128 2200 3.4
Closed Sales (Projected) 184 221 20.3 2128 2224 4.5
Listings Under Contract 119 113 -5.0 2145 2213 3.2
Average Sales Price $249,072 $288,545 15.8 $250,970 $273,626 9.0
Median Sales Price $228,950 $255,000 11.4 $221,250 $246,000 11.2
Percent of Original Price Received 97.3 96.7 -0.6 99.2 99.5 0.3
Days on Market Until Sale 33 35 6.4 25 26 3.7
Inventory of Homes for Sale 209 208 -0.5
Months Supply of Inventory 1.2 1.1 -3.7

Real estate sales reported in Farmers Branch in December 2016 saw a hike of 7.1% from 2015, with 197 sold total. Year to date there was a hike of 3.4% in the number of real estate sales recorded from December 2015. There were 2200 real estate sales recorded this year. This month there was a rise of 20.3% in the number of projected residential properties sold. There were 221 projected residential properties sold total this month. Year to date the number of projected real estate sales was at 2224 total, a hike of 4.5%. In December 2016 in Farmers Branch new houses listed in the market was at 121, a rise of 10%. Newly listed housing units in the market in Farmers Branch year to date reached 2588, a gain of 2%. This month contract listings was at 113 total, a dip of 5% in contrast to 2015. Listings under contract year to date experienced an increase of 3.2% from 2015, with 2213 under a contract total this year. The number of approximate months supply of real estate inventory in December 2016 underwent a dip of 3.7%, with 1.1 months of supply total. In December 2016 the number of homes for sale in the market sunk 0.5%, with 208 homes for sale in the market total this month. In December 2016 there was a gain of 6.4% in days on market until sale in contrast to 2015. There were 35 days on market until sale total this month. In Farmers Branch this month percent of asking price received sunk 0.6%, with 96.7 percent of asking price received this month. The number of percent of asking price received in Farmers Branch year to date had an improvement of 0.3%, with 99.5 percent total this year.

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Farmers Branch Texas Real Estate December 2016


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