Mesquite Housing Sales For December 2016 Are Down 19.5%

December 2016 Real Estate Market Summary for Mesquite, TX (MLS Area 5)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
New Listings 108 101 -6.5 1968 1984 0.8
Closed Sales (Reported) 154 124 -19.5 1624 1766 8.7
Closed Sales (Projected) 154 139 -9.5 1624 1781 9.7
Listings Under Contract 117 122 4.3 1667 1786 7.1
Average Sales Price $124,996 $154,232 23.4 $125,696 $144,079 14.6
Median Sales Price $124,500 $151,250 21.5 $125,000 $143,900 15.1
Percent of Original Price Received 96.0 99.5 3.7 97.8 99.1 1.4
Days on Market Until Sale 39 31 -21.4 32 26 -17.7
Inventory of Homes for Sale 223 126 -43.5
Months Supply of Inventory 1.6 0.9 -48.0

In December 2016 in Mesquite the number of properties sold was at 124, a slump of 19.5% from the same period last year. Reported homes sold year to date reached 1766 total, a gain of 8.7% compared to 2015. Projected housing sales in December 2016 was down 9.5%, with 139 projected housing sales total this month. The number of projected real estate sales in Mesquite year to date underwent an uptick of 9.7%, with 1781 projected total this year. New listings in December 2016 in Mesquite saw a slump of 6.5%, with 101 new listings this month. Year to date there was an improvement of 0.8% in new properties. There were 1984 new properties total this year. Contract listings in Mesquite in December 2016 reached 122, an uptick of 4.3% from December 2015. The number of properties listed under contract year to date underwent an improvement of 7.1% compared to 2015, with 1786 under contract total this year. The number of months supply of inventory in December 2016 in Mesquite was 0.9 total, a decline of 48%. In December 2016 the number of houses for sale was at 126 total, a slump of 43.5%. Days on market until sale this month dropped 21.4% from December last year, with 31 days on market until sale total this month. The total percent of list price received in December 2016 was at 99.5, a gain of 3.7%. Year to date the number of percent of asking price received was at 99.1 total, a gain of 1.4%.

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Mesquite Texas Real Estate December 2016

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