Irving Residential Housing Sales For December 2016 Down 0.7%

December 2016 Real Estate Market Summary for Irving, TX (MLS Area 54)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
New Listings 122 105 -13.9 2330 2264 -2.8
Closed Sales (Reported) 139 138 -0.7 1822 1933 6.1
Closed Sales (Projected) 139 155 11.6 1822 1950 7.0
Listings Under Contract 112 103 -8.0 1870 1919 2.6
Average Sales Price $291,304 $286,323 -1.7 $252,401 $283,274 12.2
Median Sales Price $245,000 $220,000 -10.2 $209,945 $232,963 11.0
Percent of Original Price Received 96.5 97.5 1.1 97.1 97.9 0.8
Days on Market Until Sale 54 41 -23.7 46 41 -11.4
Inventory of Homes for Sale 332 232 -30.1
Months Supply of Inventory 2.2 1.4 -34.1

There were 138 recorded houses sold in December 2016, which was a fall of 0.7% relative to the same month 2015. In Irving the number of reported homes sold year to date was higher 6.1% from 2015, with 1933 reported homes sold total this year. In December 2016 projected housing sales saw a growth of 11.6%, with 155 projected housing sales total this month. The number of projected property sales year to date was higher 7%, with 1950 projected property sales this year. In December 2016 in Irving new properties in the market reached 105 total, a dip of 13.9%. Year to date there were 2264 new housing units in Irving, which was a slump of 2.8%. This month listings under contract reached 103 total, a dip of 8% from the same time of year 2015. Year to date the number of homes listed under contract in Irving saw a rise of 2.6% in contrast to 2015, with 1919 homes listed under contract total this year. The number of approximate months supply of real estate inventory in December 2016 showed a slump of 34.1%, with 1.4 months of supply total. In Irving there was a dip of 30.1% in the number of houses for sale on the market in December 2016. There were 232 houses for sale on the market total this month. This month the number of days on market until sale saw a decrease of 23.7% in contrast to the same month last year, with 41 days total. The total percent of original asking price received in December 2016 underwent a gain of 1.1%, with 97.5 percent total. Year to date the number of percent of asking price received showed a hike of 0.8%, with 97.9 percent total this year.

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Irving Texas Real Estate December 2016

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