Irving Home Sales For January 2017 Are Down 15%

By
Real Estate Broker/Owner with DFW Team Realty
January 2017 Real Estate Market Summary for Irving, TX (MLS Area 54)
  Month Year to Date
  2017 2016 % Change 2017 2016 % Change
New Listings 190 183 -3.7 190 183 -3.7
Closed Sales (Reported) 113 96 -15.0 113 96 -15.0
Closed Sales (Projected) 113 108 -4.5 113 108 -4.5
Listings Under Contract 150 131 -12.7 150 131 -12.7
Average Sales Price $232,558 $276,908 19.1 $232,558 $276,908 19.1
Median Sales Price $173,250 $238,000 37.4 $173,250 $238,000 37.4
Percent of Original Price Received 97.3 97.8 0.6 97.3 97.8 0.6
Days on Market Until Sale 50 43 -14.7 50 43 -14.7
Inventory of Homes for Sale 341 253 -25.8      
Months Supply of Inventory 2.2 1.6 -28.4      

In Irving there were 96 property sales reported in January 2017, which was a decline of 15% relative to 2016. Year to date the number of residential property sales reached 96 total, a down-slide of 15% in contrast to January last year. In January 2017 projected housing sales fell 4.5%, with 108 projected housing sales this month. In Irving year to date the number of projected property sales underwent a fall of 4.5%, with 108 projected total this year. New homes for sale in the market in January 2017 saw a fall of 3.7%, with 183 new homes for sale in the market this month. In Irving there were 183 new homes listed year to date, which was a decrease of 3.7%. The number of contract listings this month reached 131, a fall of 12.7% from January last year. The number of houses listed under contract year to date reached 131 total, a dip of 12.7% compared to January last year. In January 2017 months supply of inventory in Irving went down 28.4%, with 1.6 months supply of inventory this month. In January 2017 in Irving the number of units for sale saw a down-slide of 25.8%, with 253 listed total. There were 43 days on market until sale in January 2017, and this was a drop of 14.7% relative to 2016. In Irving this month the total percent of asking price received was higher 0.6%, with 97.8 percent of asking price received this month. In Irving year to date percent of asking price received reached 97.8, a climb of 0.6%.

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Bob Baesmann

DFW Team Realty | 972-978-8800
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