Dallas White Rock Home Sales For December 2016 Are Lower 23%

By
Real Estate Broker/Owner with DFW Team Realty
December 2016 Real Estate Market Summary for Dallas White Rock, TX (MLS Area 12)
  Month Year to Date
  2016 2015 % Change 2016 2015 % Change
New Listings 195 174 -10.8 3888 4058 4.4
Closed Sales (Reported) 282 217 -23.0 3016 3078 2.1
Closed Sales (Projected) 282 244 -13.5 3016 3105 2.9
Listings Under Contract 174 172 -1.1 3032 3074 1.4
Average Sales Price $343,065 $350,859 2.3 $348,391 $374,314 7.4
Median Sales Price $315,000 $307,500 -2.4 $300,000 $331,888 10.6
Percent of Original Price Received 96.0 96.3 0.4 97.1 96.9 -0.2
Days on Market Until Sale 43 44 1.9 33 36 7.9
Inventory of Homes for Sale 492 458 -6.9      
Months Supply of Inventory 2.0 1.8 -8.8      

This month home sales reached 217, a slump of 23% from 2015. There was a hike of 2.1% in home sales year to date in contrast to December 2015. There were 3078 home sales this year. In Dallas White Rock the number of projected housing sales in December 2016 decreased 13.5%, with 244 projected housing sales total this month. In Dallas White Rock there were 3105 projected real estate sales year to date, and this was an uptick of 2.9%. This month in Dallas White Rock the number of new houses listed in the market saw a fall of 10.8%, with 174 new houses listed in the market total this month. New houses for sale in Dallas White Rock year to date reached 4058 total, a growth of 4.4%. Contract listings in December 2016 reached 172, a decline of 1.1% from the same month 2015. In Dallas White Rock there was a gain of 1.4% in properties listed under contract year to date from 2015. There were 3074 properties listed under contract total this year. This month there was a dip of 8.8% in the number of approximate months supply of real estate inventory. There were 1.8 approximate months supply of real estate inventory total this month. In Dallas White Rock housing units for sale this month was at 458 total, a down-slide of 6.9%. In Dallas White Rock there was a rise of 1.9% in days on market until sale in December 2016 relative to the same month last year. There were 44 days on market until sale total this month. Percent of original list price received this month was up 0.4%, with 96.3 percent of original list price received total this month. Year to date percent of original list price received underwent a slump of 0.2%, with 96.9 percent total this year.

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Bob Baesmann

DFW Team Realty | 972-978-8800
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