Mesquite Home Sales For November 2016 Lower 5.5%

November 2016 Real Estate Market Summary for Mesquite, TX (MLS Area 5)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 128 121 -5.5 1470 1638 11.4
Closed Sales (Projected) 128 136 6.2 1470 1653 12.4
Listings Under Contract 129 126 -2.3 1550 1678 8.3
Average Sales Price $127,838 $145,476 13.8 $125,769 $143,286 13.9
Median Sales Price $126,250 $148,500 17.6 $125,000 $143,000 14.4
Percent of Original Price Received 96.2 98.6 2.5 98.0 99.1 1.1
Days on Market Until Sale 35 25 -28.3 31 26 -16.8
Inventory of Homes for Sale 261 147 -43.7
Months Supply of Inventory 2.0 1.0 -50.9

This month the number of housing sales showed a down-slide of 5.5% relative to November last year, with 121 sold total. Year to date there was a rise of 11.4% in residential housing sales in Mesquite from the same point in time 2015. There were 1638 residential housing sales this year. In Mesquite there were 136 projected houses sold this month, which was an increase of 6.2%. There was a hike of 12.4% in projected home sales year to date. There were 1653 projected home sales this year. This month the number of new house listings in the market was at 134 total, a decrease of 5%. Year to date new listings had an uptick of 1.2%, with 1882 newly listed total this year. In November 2016 there were 126 homes listed under contract, which was a down-slide of 2.3% in contrast to November last year. Year to date there was a hike of 8.3% in the number of listings under contract in Mesquite from November 2015. There were 1678 listings under contract this year. In Mesquite this month the number of months supply of property inventory had a decrease of 50.9%, with 1.0 months supply total. Properties for sale in the market in November 2016 experienced a decrease of 43.7%, with 147 listed total. Days on market until sale this month dropped 28.3% compared to 2015, with 25 days on market until sale this month. The total percent of asking price received in Mesquite in November 2016 showed a growth of 2.5%, with 98.6 percent total. Percent of list price received year to date in Mesquite experienced a climb of 1.1%, with 99.1 percent total this year.

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Mesquite Texas Real Estate November 2016


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