Irving Housing Sales For November 2016 Up 8.3%

November 2016 Real Estate Market Summary for Irving, TX (MLS Area 54)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 132 143 8.3 1683 1789 6.3
Closed Sales (Projected) 132 161 21.7 1683 1807 7.3
Listings Under Contract 120 124 3.3 1758 1812 3.1
Average Sales Price $244,066 $324,332 32.9 $249,188 $282,843 13.5
Median Sales Price $214,500 $287,000 33.8 $205,000 $235,000 14.6
Percent of Original Price Received 96.8 97.0 0.3 97.2 97.9 0.8
Days on Market Until Sale 44 43 -4.1 46 41 -10.2
Inventory of Homes for Sale 370 277 -25.1
Months Supply of Inventory 2.4 1.7 -28.4

In Irving the number of home sales in November 2016 had a growth of 8.3% in contrast to the same period last year, with 143 sold total. Property sales year to date reached 1789 total, a gain of 6.3% relative to 2015. This month there was a growth of 21.7% in projected real estate sales in Irving. There were 161 projected real estate sales total this month. Year to date there was a gain of 7.3% in the number of projected real estate sales. There were 1807 projected real estate sales total this year. In Irving there was a dip of 17% in the number of newly listed residential properties in November 2016. There were 127 newly listed residential properties total this month. In Irving year to date the number of newly listed units in the market reached 2158, a down-slide of 2.3%. Listings under contract this month underwent a hike of 3.3% in contrast to 2015, with 124 listed on contract total. Contract listings year to date showed a climb of 3.1% relative to November 2015, with 1812 listed under a contract total this year. This month the number of months supply of inventory saw a decrease of 28.4%, with 1.7 months of supply total. Homes for sale on the market in November 2016 saw a down-slide of 25.1%, with 277 homes for sale on the market total this month. This month days on market until sale slumped 4.1% from 2015, with 43 days on market until sale this month. In November 2016 the total percent of original asking price received was higher 0.3%, with 97.0 percent of original asking price received this month. Year to date the number of percent of list price received was higher 0.8%, with 97.9 percent of list price received this year.

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Irving Texas Real Estate November 2016

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