Irving Home Sales For January 2017 Are Lower 15%

January 2017 Real Estate Market Summary for Irving, TX (MLS Area 54)
Month Year to Date
2017 2016 % Change 2017 2016 % Change
New Listings 190 183 -3.7 190 183 -3.7
Closed Sales (Reported) 113 96 -15.0 113 96 -15.0
Closed Sales (Projected) 113 108 -4.5 113 108 -4.5
Listings Under Contract 150 131 -12.7 150 131 -12.7
Average Sales Price $232,558 $276,908 19.1 $232,558 $276,908 19.1
Median Sales Price $173,250 $238,000 37.4 $173,250 $238,000 37.4
Percent of Original Price Received 97.3 97.8 0.6 97.3 97.8 0.6
Days on Market Until Sale 50 43 -14.7 50 43 -14.7
Inventory of Homes for Sale 341 253 -25.8
Months Supply of Inventory 2.2 1.6 -28.4

This month in Irving the number of homes sold was down 15% from 2016, with 96 homes sold total this month. Year to date there were 96 housing sales in Irving, and this was a slump of 15% compared to last year. In January 2017 projected property sales was 108 total, a down-slide of 4.5%. The number of projected residential housing sales year to date had a slump of 4.5%, with 108 projected total this year. This month there was a decrease of 3.7% in the number of new units listed. There were 183 new units listed total this month. Year to date the number of new listings in the market subsided 3.7%, with 183 new listings in the market this year. This month listings under contract was lower 12.7% compared to 2016, with 131 listings under contract total this month. In Irving year to date the number of houses listed under contract was 131 total, a slump of 12.7% compared to 2016. In January 2017 the number of approximate months supply of properties on the market in Irving reached 1.6 total, a drop of 28.4%. This month units for sale reached 253 total, a decline of 25.8%. In Irving there were 43 days on market until sale in January 2017, which was a dip of 14.7% from 2016. The total percent of original list price received this month reached 97.8, a rise of 0.6%. Year to date in Irving the number of percent of original asking price received saw a gain of 0.6%, with 97.8 percent of original asking price received total this year.

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Irving Texas Real Estate January 2017

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