Addison, Texas Home Values report for November 2014

There were 92 houses sold in Addison in November of this year, which is a 16% upturn from a month ago. So far this year, home sales have reached 1,736 in all, which is a 6% fall from a year ago.

Year-to-date there have been 2,190 new home listings total. So far this year, houses sold fell 1% compared to the same period last year. This month, 105 new houses were listed in Addison. During November, the number of new real estate listings in Addison declined 10%. In November of this year, there were 123 houses currently listed in Addison, a 19% surge from a month ago. Current listings under contract year-to-date went down 4% relative to the same month last year, with 1,705 properties sold. The average price for a home in Addison gained 19%, with $345,533 being the average sales price. Cumulatively this year, the average selling price for homes in Addison was about $324,249, which is a 7% growth relative to the same month last year.

Percent of original list price received cumulatively this year gained 2% compared to the same month last year, with percent of original list price received at 96.9%. The percent of original list price received by buyers in Addison grew 0% in November 2014, with buyers receiving 96.1%of their list price. On average, homes spent 57 days in the market until sold, which is a 22% gain from a month ago. Days on market until sale so far this year went down 20% relative to the same month last year, at 40 number of days on market until sale. The current supply of active listings on the market during November in Addison went down 17%, with the market inventory of available homes at 280 houses. During November there was a 1.9 month supply of available homes, a 13% dip from a month ago.

Addison real estate information, known as MLS Area 12:, is reported by area in the North Texas Real Estate Information System. The information in this report is believed reliable, but is only as accurate as reported by the system in the month of November 2014.

The DFW area is also known as the Dallas Fort Worth Metropolitan Statistical Area, a title designated by the U.S. Census Bureau, which encompasses 12 counties within the state of Texas. The area is divided into two metropolitan divisions: Dallas Plano Irving and Fort Worth. It is comprised of over 70 cities, both incorporated and unincorporated. The DFW Metroplex is, by population, the largest metropolitan area in Texas, the largest in the South, the fourth-largest in the United States, and the tenth-largest in the Americas. The DFW Metroplex encompasses over 9,000 square miles of total area, making it larger in area than the states of Rhode Island and Connecticut, combined. It also has the sixth-largest gross metropolitan product (GMP) in the United States, and is approximately tenth-largest by GMP in the world.

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Addison Texas Real Estate November 2014

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