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What is my Home Value in Dallas North? | Monthly Report

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  Year To Date
2016 2017 % of Change 2016 2017 % of Change
New Listings 187 186 -0.5% 483 501 3.6%
Closed Sales (Reported) 111 94 -15.3% 224 219 -2.2%
Closed Sales (Projected) 111 106 -4.5% 231 224 -3.0%
Listings Under Contract 117 111 -5.1% 283 279 -1.4%
Average Sales Price $632,513 $826,020 30.6% $650,116 $762,242 17.2%
Median Sales Price $535,000 $673,150 25.8% $535,000 $610,000 14.0%
Percent of Original List Price Received 95.4% 95.3% -0.1% 95% 96% 1.1%
Days on Market Until Sale 49 51 4.1% 50 53 6.0%
Inventory of Homes for Sale 350 373 6.6% - - -
Months Supply of Inventory 4 4.5 12.5% - - -

March 2017 Real Estate Market Summary for Dallas North, TX (MLS Area 11)

Dallas North Residential Housing Sales For March 2017 Lower 15.3%

This month in Dallas North reported housing units sold reached 94, a decline of 15.3% compared to last year. Year to date the number of properties sold saw a drop of 2.2% from March last year, with 219 properties sold this year. In Dallas North in March 2017 projected houses sold was 106, a fall of 4.8%. Projected housing units sold year to date was 231 total, an improvement of 3%. In March 2017 there was a slump of 0.5% in the number of new listings. There were 186 new listings total this month. There were 501 newly listed housing units in the market year to date, and this was an increase of 3.7%. This month there was a dip of 5.1% in the number of properties listed under contract in Dallas North from last year. There were 111 properties listed under contract total this month. Year to date there were 279 contract listings, and this was a decrease of 1.4% compared to last year. In March 2017 the number of approximate months supply of residential property inventory reached 4.5 total, a climb of 11.8%. The number of houses for sale in Dallas North in March 2017 showed an uptick of 6.6%, with 373 listed for sale total. This month there were 51 days on market until sale, and this was an increase of 4.4% in contrast to March last year. The total percent of list price received in March 2017 underwent a decrease of 0.1%, with 95.3 percent total. Year to date percent of list price received in Dallas North reached 95.5 total, an uptick of 0.9%.

Dallas North Listings Versus Sales