Lewisville Residential Property Sales For December 2016 Lower 13.8%

By
Real Estate Broker/Owner with DFW Team Realty
December 2016 Real Estate Market Summary for Lewisville, TX (MLS Area 41)
  Month Year to Date
  2016 2015 % Change 2016 2015 % Change
New Listings 267 246 -7.9 5990 5681 -5.2
Closed Sales (Reported) 399 344 -13.8 4815 4812 -0.1
Closed Sales (Projected) 399 387 -3.1 4815 4855 0.8
Listings Under Contract 274 235 -14.2 4904 4774 -2.7
Average Sales Price $345,537 $316,483 -8.4 $311,898 $332,525 6.6
Median Sales Price $270,000 $273,950 1.5 $270,000 $285,000 5.6
Percent of Original Price Received 97.1 97.8 0.7 98.3 98.3 0.0
Days on Market Until Sale 44 37 -15.6 35 37 5.6
Inventory of Homes for Sale 706 585 -17.1      
Months Supply of Inventory 1.8 1.5 -17.1      

In December 2016 there was a drop of 13.8% in the number of residential property sales in Lewisville compared to the same month 2015. There were 344 residential property sales total this month. In Lewisville year to date the number of housing sales reported reached 4812 total, a slump of 0.1% compared to last year. This month there was a slump of 3.1% in the number of projected property sales in Lewisville. There were 387 projected property sales total this month. Year to date the number of projected residential property sales was 4855, a rise of 0.8%. This month the number of new property listings lost 7.9%, with 246 new property listings total this month. Year to date the number of new homes saw a slump of 5.2%, with 5681 new homes total this year. The number of homes listed under contract this month was 235, a drop of 14.2% relative to 2015. Contract listings year to date showed a dip of 2.7% from 2015, with 4774 listed under a contract total this year. This month the number of months supply of inventory was 1.5, a fall of 17.1%. In Lewisville this month houses for sale in the market reached 585, a fall of 17.1%. This month there were 37 days on market until sale in Lewisville, which was a drop of 15.6% from December 2015. This month percent of asking price received in Lewisville saw a climb of 0.7%, with 97.8 percent of asking price received this month. Year to date in Lewisville the number of percent of asking price received showed no difference, with 98.3 percent total this year.

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Bob Baesmann

DFW Team Realty | 972-978-8800
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