Wylie Residential Home Sales For November 2016 Down 1.1%

By
Real Estate Broker/Owner with DFW Team Realty
November 2016 Real Estate Market Summary for Wylie, TX (MLS Area 50)
  Month Year to Date
  2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 91 90 -1.1 1170 1035 -11.5
Closed Sales (Projected) 91 101 11.1 1170 1046 -10.6
Listings Under Contract 118 108 -8.5 1255 1097 -12.6
Average Sales Price $257,951 $281,978 9.3 $248,049 $279,234 12.6
Median Sales Price $235,500 $267,950 13.8 $226,000 $265,000 17.3
Percent of Original Price Received 98.0 97.3 -0.7 98.7 98.4 -0.3
Days on Market Until Sale 45 26 -42.2 30 34 12.4
Inventory of Homes for Sale 166 165 -0.6      
Months Supply of Inventory 1.6 1.7 6.4      

The number of home sales reported in November 2016 was at 90, a fall of 1.1% relative to last year. There was a drop of 11.5% in the number of home sales recorded year to date from November last year. There were 1035 home sales recorded this year. Projected homes sold this month saw a climb of 11.1%, with 101 projected homes sold this month. Year to date projected properties sold reached 1046 total, a drop of 10.6%. The number of newly listed homes in the market this month saw an improvement of 31.3%, with 130 new on the market total. Year to date new homes listed in the market reached 1316, a slump of 9.2%. In November 2016 there was a drop of 8.5% in houses listed under contract from November 2015. There were 108 houses listed under contract total this month. In Wylie there were 1097 contract listings year to date, and this was a dip of 12.6% from the same period last year. In November 2016 there were 1.7 months supply of property inventory, which was an improvement of 6.4%. There was a drop of 0.6% in the number of housing units for sale on the market in November 2016. There were 165 housing units for sale on the market total this month. In Wylie in November 2016 the number of days on market until sale was at 26, a dip of 42.2% from last year. Percent of original asking price received in Wylie this month was at 97.3, a drop of 0.7%. Percent of asking price received year to date was down 0.3%, with 98.4 percent of asking price received total this year.

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Harry F. D'Elia
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Thanks for sharing your up to date real estate reports with us today

Jan 11, 2017 06:28 PM #1
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Bob Baesmann

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