Wylie Home Sales For December 2016 Are Lower 5.9%

December 2016 Real Estate Market Summary for Wylie, TX (MLS Area 50)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
New Listings 95 100 5.3 1545 1416 -8.3
Closed Sales (Reported) 136 128 -5.9 1306 1165 -10.8
Closed Sales (Projected) 136 144 5.8 1306 1181 -9.6
Listings Under Contract 74 86 16.2 1329 1187 -10.7
Average Sales Price $268,489 $278,383 3.7 $250,178 $279,375 11.7
Median Sales Price $255,000 $248,000 -2.7 $230,000 $263,000 14.3
Percent of Original Price Received 98.0 97.3 -0.7 98.7 98.3 -0.4
Days on Market Until Sale 36 35 -2.5 31 34 10.9
Inventory of Homes for Sale 162 163 0.6
Months Supply of Inventory 1.5 1.7 12.8

This month the number of real estate sales recorded reached 128 total, a fall of 5.9% from the same month last year. Year to date there were 1165 home sales reported, and this was a slump of 10.8% in contrast to last year. This month the number of projected housing sales saw an increase of 5.8%, with 144 projected total. In Wylie projected real estate sales year to date reached 1181, a fall of 9.6%. The number of new listings in December 2016 underwent a rise of 5.3%, with 100 new on the market total. Newly listed houses year to date reached 1416, a decrease of 8.3%. The number of listings under contract in December 2016 saw a hike of 16.2% from 2015, with 86 listings under contract this month. Year to date the number of listings under contract was 1187 total, a slump of 10.7% from last year. In Wylie approximate months supply of property inventory this month had an improvement of 12.8%, with 1.7 months supply total. This month in Wylie housing units for sale went up 0.6%, with 163 housing units for sale total this month. In December 2016 days on market until sale experienced a drop of 2.5% from 2015, with 35 days total. This month percent of original list price received had a fall of 0.7%, with 97.3 percent total. Percent of list price received year to date was at 98.3, a decline of 0.4%.

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Wylie Texas Real Estate December 2016

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