University Park Housing Sales For November 2016 Down 16.4%

By
Real Estate Broker/Owner with DFW Team Realty
November 2016 Real Estate Market Summary for University Park, TX (MLS Area 25)
  Month Year to Date
  2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 67 56 -16.4 824 781 -5.2
Closed Sales (Projected) 67 63 -6.1 824 788 -4.4
Listings Under Contract 65 60 -7.7 870 809 -7.0
Average Sales Price $1,077,939 $1,459,368 35.4 $1,105,340 $1,222,258 10.6
Median Sales Price $850,000 $1,153,750 35.7 $900,000 $990,000 10.0
Percent of Original Price Received 92.7 91.8 -1.1 95.0 94.2 -0.9
Days on Market Until Sale 64 79 24.1 53 62 18.1
Inventory of Homes for Sale 330 387 17.3      
Months Supply of Inventory 4.4 5.4 23.4      

In University Park there was a dip of 16.4% in homes sold this month relative to 2015. There were 56 homes sold total this month. In University Park there was a down-slide of 5.2% in housing units sold year to date from last year. There were 781 housing units sold total this year. There was a drop of 6.1% in projected housing sales this month. There were 63 projected housing sales total this month. In University Park year to date the number of projected home sales went down 4.4%, with 788 projected home sales total this year. In November 2016 the number of new listings in the market in University Park had a slump of 22.6%, with 65 newly for sale total. Year to date new property listings in University Park saw a climb of 3.7%, with 1474 new property listings this year. In November 2016 in University Park the number of contract listings saw a drop of 7.7% relative to November last year, with 60 on a contract total. The number of contract listings year to date was at 809, a decrease of 7% from last year. In University Park this month approximate months supply of homes on the market was at 5.4, an increase of 23.4%. There was a growth of 17.3% in homes for sale this month. There were 387 homes for sale total this month. This month in University Park days on market until sale showed a growth of 24.1% relative to November 2015, with 79 days total. In November 2016 in University Park percent of asking price received was down 1.1%, with 91.8 percent of asking price received total this month. Year to date percent of list price received showed a fall of 0.9%, with 94.2 percent total this year.

Click here to view homes in University Park.

 

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Rainmaker
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Bob "RealMan" Timm
Alliance Real Estate - Minot - Minot, ND
Bob Timm, Broker Associate, Alliance Real Estate

Interesting report Bob Baesmann I enjoy seeing market reports from other areas of the country. This one surprises me a little as I was under the impression that TX was on fire.

Jan 11, 2017 05:28 PM #1
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Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

I know that neighborhood and on the outsie it looks like trouble in paradise.

Jan 11, 2017 06:21 PM #2
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Harry F. D'Elia
Real Estate and Beyond, LLC - Phoenix, AZ
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Thanks for sharing your up to date real estate reports with us today

Jan 11, 2017 06:25 PM #3
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Bob Baesmann

DFW Team Realty | 972-978-8800
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