Denton Residential Home Sales For December 2016 remain Flat

By
Real Estate Broker/Owner with DFW Team Realty
December 2016 Real Estate Market Summary for Denton, TX (MLS Area 31)
  Month Year to Date
  2016 2015 % Change 2016 2015 % Change
New Listings 49 40 -18.4 842 863 2.5
Closed Sales (Reported) 57 57.0 730 750 2.7  
Closed Sales (Projected) 57 64 12.4 730 757 3.7
Listings Under Contract 40 41 2.5 726 767 5.6
Average Sales Price $190,772 $212,381 11.3 $179,647 $206,591 15.0
Median Sales Price $165,000 $190,000 15.2 $162,810 $185,000 13.6
Percent of Original Price Received 98.5 98.6 0.1 98.9 99.7 0.9
Days on Market Until Sale 27 33 20.8 26 23 -13.7
Inventory of Homes for Sale 88 59 -33.0      
Months Supply of Inventory 1.4 0.9 -34.7      

In Denton there were 57.0 housing sales reported this month, and this was a growth of 0% in contrast to 2015. In Denton there was no difference in recorded homes sold year to date in contrast to 2015. There were 2.7 recorded homes sold this year. In Denton this month the number of projected properties sold was 64, a rise of 12.4%. There were 757 projected houses sold year to date, and this was a growth of 3.7%. In December 2016 the number of new housing units in the market saw a fall of 18.4%, with 40 new housing units in the market total this month. Year to date there was an increase of 2.5% in the number of new homes in the market in Denton. There were 863 new homes in the market this year. In December 2016 in Denton residential properties listed under contract reached 41 total, a hike of 2.5% from last year. Year to date there was an uptick of 5.6% in homes listed under contract from the same point in time 2015. There were 767 homes listed under contract total this year. The number of approximate months supply of properties on the market this month dipped 34.7%, with 0.9 approximate months supply of properties on the market this month. The number of properties for sale in the market in Denton this month saw a dip of 33%, with 59 properties for sale in the market this month. The number of days on market until sale in Denton in December 2016 saw an uptick of 20.8% relative to last year, with 33 days on market until sale total this month. In December 2016 percent of asking price received was higher 0.1%, with 98.6 percent of asking price received total this month. Year to date the number of percent of original asking price received in Denton showed a hike of 0.9%, with 99.7 percent total this year.

Click here to view homes in Denton.

 

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Bob Baesmann

DFW Team Realty | 972-978-8800
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