Coppell Home Sales For November 2016 Are Higher 27.6%

Real Estate Broker/Owner with DFW Team Realty
November 2016 Real Estate Market Summary for Coppell, TX (MLS Area 31)
  Month Year to Date
  2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 29 37 27.6 506 539 6.5
Closed Sales (Projected) 29 42 43.4 506 544 7.4
Listings Under Contract 34 41 20.6 541 569 5.2
Average Sales Price $345,271 $483,611 40.1 $394,599 $425,252 7.8
Median Sales Price $335,000 $459,000 37.0 $362,613 $405,000 11.7
Percent of Original Price Received 98.4 94.8 -3.7 98.3 97.7 -0.6
Days on Market Until Sale 38 57 48.1 38 41 6.6
Inventory of Homes for Sale 97 104 7.2      
Months Supply of Inventory 2.2 2.1 -2.2      

The number of housing sales this month saw an uptick of 27.6% compared to 2015, with 37 sold total. The number of housing sales reported year to date reached 539, a gain of 6.5% in contrast to last year. Projected housing units sold this month saw a gain of 43.4%, with 42 projected total. There were 544 projected property sales year to date, which was a rise of 7.4%. This month the number of new properties in the market showed a down-slide of 5.9%, with 32 newly listed total. Year to date there was an improvement of 11.1% in new houses for sale in the market. There were 752 new houses for sale in the market total this year. The number of contract listings in November 2016 was up 20.6% from the same point in time 2015, with 41 contract listings this month. Year to date in Coppell the number of listings under contract saw a gain of 5.2% in contrast to 2015, with 569 listings under contract this year. In November 2016 there was a decline of 2.2% in the number of months supply of real estate inventory in Coppell. There were 2.1 months supply of real estate inventory total this month. This month there was an increase of 7.2% in homes for sale on the market. There were 104 homes for sale on the market total this month. This month the number of days on market until sale experienced a gain of 48.1% from November last year, with 57 days total. In Coppell the total percent of list price received this month was at 94.8 total, a drop of 3.7%. In Coppell year to date the number of percent of original asking price received reached 97.7, a slump of 0.6%.

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Bob Baesmann

DFW Team Realty | 972-978-8800
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