Mesquite Home Sales For January 2017 Down 21.3%

By
Real Estate Broker/Owner with DFW Team Realty
January 2017 Real Estate Market Summary for Mesquite, TX (MLS Area 5)
  Month Year to Date
  2017 2016 % Change 2017 2016 % Change
New Listings 157 138 -12.1 157 138 -12.1
Closed Sales (Reported) 122 96 -21.3 122 96 -21.3
Closed Sales (Projected) 122 108 -11.6 122 108 -11.6
Listings Under Contract 142 126 -11.3 142 126 -11.3
Average Sales Price $130,632 $152,062 16.4 $130,632 $152,062 16.4
Median Sales Price $122,750 $148,750 21.2 $122,750 $148,750 21.2
Percent of Original Price Received 95.8 98.7 3.1 95.8 98.7 3.1
Days on Market Until Sale 45 33 -26.6 45 33 -26.6
Inventory of Homes for Sale 207 131 -36.7      
Months Supply of Inventory 1.5 0.9 -39.8      

In Mesquite housing sales this month was down 21.3% from last year, with 96 housing sales total this month. In Mesquite there were 96 recorded residential properties sold year to date, which was a slump of 21.3% compared to last year. Projected housing units sold in January 2017 was lower 11.6%, with 108 projected housing units sold this month. Year to date projected housing units sold was 108, a slump of 11.6%. The number of new homes in January 2017 in Mesquite reached 138, a drop of 12.1%. There were 138 new home listings in the market year to date, and this was a dip of 12.1%. In January 2017 homes listed under contract was 126, a decrease of 11.3% in contrast to last year. Year to date the number of listings under contract in Mesquite decreased 11.3% from January last year, with 126 listings under contract total this year. This month the number of approximate months supply of housing units on the market was at 0.9 total, a slump of 39.8%. In January 2017 there was a decline of 36.7% in homes for sale. There were 131 homes for sale total this month. Days on market until sale in January 2017 saw a fall of 26.6% from the same period 2016, with 33 days on market until sale total this month. This month percent of original asking price received saw an increase of 3.1%, with 98.7 percent of original asking price received this month. Percent of list price received in Mesquite year to date saw an increase of 3.1%, with 98.7 percent of list price received total this year.

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Bob Baesmann

DFW Team Realty | 972-978-8800
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