Mesquite Housing Sales For December 2016 Lower 19.5%

By
Real Estate Broker/Owner with DFW Team Realty
December 2016 Real Estate Market Summary for Mesquite, TX (MLS Area 5)
  Month Year to Date
  2016 2015 % Change 2016 2015 % Change
New Listings 108 101 -6.5 1968 1984 0.8
Closed Sales (Reported) 154 124 -19.5 1624 1766 8.7
Closed Sales (Projected) 154 139 -9.5 1624 1781 9.7
Listings Under Contract 117 122 4.3 1667 1786 7.1
Average Sales Price $124,996 $154,232 23.4 $125,696 $144,079 14.6
Median Sales Price $124,500 $151,250 21.5 $125,000 $143,900 15.1
Percent of Original Price Received 96.0 99.5 3.7 97.8 99.1 1.4
Days on Market Until Sale 39 31 -21.4 32 26 -17.7
Inventory of Homes for Sale 223 126 -43.5      
Months Supply of Inventory 1.6 0.9 -48.0      

In Mesquite there were 124 recorded houses sold this month, and this was a down-slide of 19.5% from 2015. Year to date housing sales was at 1766, a hike of 8.7% from December last year. The number of projected housing sales in December 2016 in Mesquite had a slump of 9.5%, with 139 projected total. Projected properties sold year to date was up 9.7%, with 1781 projected properties sold total this year. There was a decline of 6.5% in the number of new homes in the market this month. There were 101 new homes in the market total this month. There were 1984 new houses listed in the market year to date, which was a rise of 0.8%. In Mesquite there was a rise of 4.3% in the number of contract listings in December 2016 in contrast to December last year. There were 122 contract listings total this month. Year to date there was a growth of 7.1% in the number of houses listed under contract in Mesquite in contrast to 2015. There were 1786 houses listed under contract total this year. The number of approximate months supply of inventory in December 2016 dipped 48%, with 0.9 approximate months supply of inventory total this month. In December 2016 houses for sale in the market underwent a slump of 43.5%, with 126 listed total. This month there were 31 days on market until sale, which was a decrease of 21.4% relative to last year. This month percent of asking price received was 99.5, a rise of 3.7%. The number of percent of original asking price received year to date in Mesquite went up 1.4%, with 99.1 percent of original asking price received this year.

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Bob Baesmann

DFW Team Realty | 972-978-8800
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