Dallas White Rock Residential Property Sales November 2016 Up 19.9%

By
Real Estate Broker/Owner with DFW Team Realty
November 2016 Real Estate Market Summary for Dallas White Rock, TX (MLS Area 12)
  Month Year to Date
  2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 181 217 19.9 2734 2853 4.4
Closed Sales (Projected) 181 244 34.7 2734 2880 5.3
Listings Under Contract 207 193 -6.8 2858 2906 1.7
Average Sales Price $329,592 $398,398 20.9 $348,939 $376,282 7.8
Median Sales Price $285,000 $355,000 24.6 $300,000 $335,000 11.7
Percent of Original Price Received 95.3 95.2 -0.1 97.2 97.0 -0.3
Days on Market Until Sale 33 42 27.3 32 35 8.9
Inventory of Homes for Sale 608 589 -3.1      
Months Supply of Inventory 2.4 2.3 -7.4      

In Dallas White Rock there was a growth of 19.9% in the number of houses sold this month in contrast to the same month 2015. There were 217 houses sold total this month. In Dallas White Rock there was an improvement of 4.4% in the number of reported properties sold year to date in contrast to last year. There were 2853 reported properties sold total this year. Projected houses sold in November 2016 went up 34.7%, with 244 projected houses sold total this month. In Dallas White Rock year to date the number of projected housing units sold saw a rise of 5.3%, with 2880 projected housing units sold this year. This month the number of new listings in the market underwent a gain of 3.8%, with 271 newly for sale total. In Dallas White Rock there was an increase of 5.2% in the number of new properties listed in the market year to date. There were 3884 new properties listed in the market this year. In November 2016 there was a dip of 6.8% in the number of contract listings from the same month last year. There were 193 contract listings total this month. Year to date there was an improvement of 1.7% in the number of listings under contract compared to 2015. There were 2906 listings under contract total this year. In November 2016 there was a drop of 7.4% in approximate months supply of houses on the market in Dallas White Rock. There were 2.3 approximate months supply of houses on the market total this month. There was a dip of 3.1% in houses for sale on the market this month. There were 589 houses for sale on the market total this month. In Dallas White Rock there were 42 days on market until sale in November 2016, and this was a rise of 27.3% from last year. In Dallas White Rock this month the total percent of asking price received saw a fall of 0.1%, with 95.2 percent of asking price received this month. Year to date percent of original list price received reached 97.0, a decline of 0.3%.

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Bob Baesmann

DFW Team Realty | 972-978-8800
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