Addison, Texas Home Values report for November 2015

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Addison houses sold dropped 13% this month, with 112 properties sold in November 2015. In total for this year, home sales dropped 5% relative to the same month last year, with 1,646 properties sold.

Year-to-date there, have been 1,974 new housing listings in all, which is a 10% drop from last year. There were 118 new housing properties listed in November 2015, a 11% increase from a month ago. Year-to-date there have been 1,610 listed houses under contract total, which is a 6% dip from last year. Addison current listings under contract were at 109 properties during November, a 11% decrease from the previous month. Year-to-date, the average home sales price for homes in Addison was about $346,652, which is a 7% gain compared to the same month last year. In November 2015, the average selling price for properties in Addison was about $363,969, which is a 7% increase from a month ago.

Year-to-date, the percentage of asking price received climbed 0% relative to the same period last year, with buyers receiving 97% of their original price. The percentage of original list prices received by buyers this month grew 0%, with percentage of asking price received at 96%. During November, homes spent an average of 35 days in the market until sold, which is a 28% decline from the previous month. So far this year, the number of days on market until sale was about 33 days, which is a 13% drop from a year ago. The market inventory of available homes was 246 homes, a 21% fall from last month.The month supply of homes in Addison dipped 18% in November 2015, with a 1.7 month supply of houses on the market.

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 2015.

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 2015

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