Mesquite Housing Sales For January 2017 Are Down 21.3%

January 2017 Real Estate Market Summary for Mesquite, TX (MLS Area 5)
Month Year to Date
2017 2016 % Change 2017 2016 % Change
New Listings 157 138 -12.1 157 138 -12.1
Closed Sales (Reported) 122 96 -21.3 122 96 -21.3
Closed Sales (Projected) 122 108 -11.6 122 108 -11.6
Listings Under Contract 142 126 -11.3 142 126 -11.3
Average Sales Price $130,632 $152,062 16.4 $130,632 $152,062 16.4
Median Sales Price $122,750 $148,750 21.2 $122,750 $148,750 21.2
Percent of Original Price Received 95.8 98.7 3.1 95.8 98.7 3.1
Days on Market Until Sale 45 33 -26.6 45 33 -26.6
Inventory of Homes for Sale 207 131 -36.7
Months Supply of Inventory 1.5 0.9 -39.8

This month in Mesquite reported homes sold experienced a decline of 21.3% relative to the same month 2016, with 96 sold total. Year to date the number of reported properties sold saw a decline of 21.3% from January last year, with 96 reported properties sold total this year. Projected properties sold in Mesquite this month saw a down-slide of 11.6%, with 108 projected properties sold this month. Year to date there was a decline of 11.6% in the number of projected residential housing sales. There were 108 projected residential housing sales total this year. There were 138 new listings in January 2017, which was a decrease of 12.1%. There was a decrease of 12.1% in the number of new homes for sale in the market year to date. There were 138 new homes for sale in the market total this year. The number of contract listings this month in Mesquite showed a decline of 11.3% from last year, with 126 on contract total. Contract listings year to date was 126, a decrease of 11.3% in contrast to last year. The number of months supply of residential housing inventory this month dipped 39.8%, with 0.9 months supply of residential housing inventory total this month. In January 2017 there was a down-slide of 36.7% in housing units for sale. There were 131 housing units for sale total this month. This month there were 33 days on market until sale, which was a down-slide of 26.6% from the same month last year. This month percent of original list price received underwent a hike of 3.1%, with 98.7 percent total. Year to date the number of percent of original list price received rose 3.1%, with 98.7 percent of original list price received total this year.

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Mesquite Texas Real Estate January 2017


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