Dallas Northwest Residential Home Sales For November 2016 Up 2.1%

Real Estate Broker/Owner with DFW Team Realty
November 2016 Real Estate Market Summary for Dallas Northwest, TX (MLS Area 16)
  Month Year to Date
  2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 47 48 2.1 708 696 -1.7
Closed Sales (Projected) 47 54 14.8 708 702 -0.9
Listings Under Contract 48 53 10.4 724 711 -1.8
Average Sales Price $345,159 $434,685 25.9 $315,974 $369,587 17.0
Median Sales Price $325,000 $350,000 7.7 $293,000 $330,000 12.6
Percent of Original Price Received 95.7 95.3 -0.5 96.9 96.7 -0.2
Days on Market Until Sale 39 38 -2.4 33 35 4.2
Inventory of Homes for Sale 143 147 2.8      
Months Supply of Inventory 2.2 2.3 6.7      

This month there was an uptick of 2.1% in the number of homes sold in Dallas Northwest in contrast to November last year. There were 48 homes sold total this month. Year to date there were 696 houses sold, which was a dip of 1.7% from 2015. This month in Dallas Northwest projected houses sold saw a gain of 14.8%, with 54 projected houses sold total this month. Year to date there was a decrease of 0.9% in the number of projected homes sold in Dallas Northwest. There were 702 projected homes sold total this year. This month there were 68 new homes in the market, which was an increase of 9.7%. New properties in the market in Dallas Northwest year to date showed an increase of 6.2%, with 1008 newly listed total this year. The number of listings under contract this month in Dallas Northwest saw a growth of 10.4% relative to last year, with 53 under contract total. There was a drop of 1.8% in the number of listings under contract year to date from the same time of year last year. There were 711 listings under contract this year. The number of approximate months supply of properties on the market this month reached 2.3, a gain of 6.7%. The number of residential properties for sale in the market in Dallas Northwest in November 2016 was 147 total, a gain of 2.8%. The number of days on market until sale in Dallas Northwest in November 2016 saw a down-slide of 2.4% compared to last year, with 38 days total. In Dallas Northwest the total percent of list price received in November 2016 saw a decrease of 0.5%, with 95.3 percent of list price received this month. Year to date percent of original asking price received reached 96.7 total, a fall of 0.2%.

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Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Bob Baesmann  Thanks for sharing your Dallas Northwest up to date real estate market report with us today

Jan 22, 2017 10:30 PM #1
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Bob Baesmann

DFW Team Realty | 972-978-8800
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