| Month | Year to Date | |||||
|---|---|---|---|---|---|---|
| 2016 | 2015 | % Change | 2016 | 2015 | % Change | |
| New Listings | 110 | 121 | 10.0 | 2537 | 2588 | 2.0 |
| Closed Sales (Reported) | 184 | 197 | 7.1 | 2128 | 2200 | 3.4 |
| Closed Sales (Projected) | 184 | 221 | 20.3 | 2128 | 2224 | 4.5 |
| Listings Under Contract | 119 | 113 | -5.0 | 2145 | 2213 | 3.2 |
| Average Sales Price | $249,072 | $288,545 | 15.8 | $250,970 | $273,626 | 9.0 |
| Median Sales Price | $228,950 | $255,000 | 11.4 | $221,250 | $246,000 | 11.2 |
| Percent of Original Price Received | 97.3 | 96.7 | -0.6 | 99.2 | 99.5 | 0.3 |
| Days on Market Until Sale | 33 | 35 | 6.4 | 25 | 26 | 3.7 |
| Inventory of Homes for Sale | 209 | 208 | -0.5 | |||
| Months Supply of Inventory | 1.2 | 1.1 | -3.7 | |||
Houses sold in December 2016 in Farmers Branch experienced a rise of 7.1% compared to 2015, with 197 sold total. Year to date in Farmers Branch real estate sales reported saw a gain of 3.4% from December last year, with 2200 real estate sales reported this year. Projected housing sales in December 2016 was higher 20.3%, with 221 projected housing sales total this month. Year to date the number of projected residential properties sold was at 2224, an improvement of 4.5%. This month there was a hike of 10% in the number of new homes listed. There were 121 new homes listed total this month. Year to date there was a climb of 2% in new unit listings. There were 2588 new unit listings total this year. In December 2016 the number of properties listed under contract was lower 5% in contrast to 2015, with 113 properties listed under contract total this month. There were 2213 properties listed under contract year to date, and this was an uptick of 3.2% from December 2015. In Farmers Branch this month the number of approximate months supply of houses on the market went down 3.7%, with 1.1 approximate months supply of houses on the market total this month. Housing units for sale this month was at 208 total, a decline of 0.5%. The number of days on market until sale in December 2016 reached 35, a hike of 6.4% from the same point in time last year. The total percent of original list price received in Farmers Branch this month reached 96.7 total, a dip of 0.6%. Year to date percent of asking price received underwent an increase of 0.3%, with 99.5 percent total this year.
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