Denton Residential Housing Sales For November 2016 Up 14.9%

By
Real Estate Broker/Owner with DFW Team Realty
November 2016 Real Estate Market Summary for Denton, TX (MLS Area 31)
  Month Year to Date
  2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 47 54 14.9 673 691 2.7
Closed Sales (Projected) 47 61 29.1 673 698 3.7
Listings Under Contract 44 62 40.9 686 726 5.8
Average Sales Price $185,399 $218,052 17.6 $178,705 $206,161 15.4
Median Sales Price $175,000 $188,000 7.4 $162,000 $185,000 14.2
Percent of Original Price Received 97.0 99.8 2.9 98.9 99.8 0.9
Days on Market Until Sale 29 25 -14.0 26 22 -16.4
Inventory of Homes for Sale 91 66 -27.5      
Months Supply of Inventory 1.5 1.1 -29.0      

In Denton there were 54 real estate sales recorded in November 2016, which was an uptick of 14.9% compared to November 2015. Year to date there was an uptick of 2.7% in housing sales in contrast to the same period 2015. There were 691 housing sales this year. In Denton projected properties sold this month saw a rise of 29.1%, with 61 projected properties sold this month. In Denton year to date the number of projected home sales was at 698, a rise of 3.7%. Newly listed properties in Denton in November 2016 was at 61, an improvement of 7%. In Denton there were 822 newly listed houses in the market year to date, and this was an increase of 3.7%. This month listings under contract was 62 total, an increase of 40.9% relative to the same period 2015. Contract listings year to date experienced a rise of 5.8% from last year, with 726 listed under contract total this year. This month months supply of houses on the market in Denton was 1.1, a fall of 29%. There was a drop of 27.5% in houses for sale in the market this month. There were 66 houses for sale in the market total this month. In Denton in November 2016 the number of days on market until sale was lower 14% from last year, with 25 days on market until sale total this month. This month percent of asking price received in Denton was up 2.9%, with 99.8 percent of asking price received total this month. Percent of original asking price received year to date had an improvement of 0.9%, with 99.8 percent total this year.

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Bob Baesmann

DFW Team Realty | 972-978-8800
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