Bedford Texas Real Estate Sales were down 30% in December 2011

Bedford Texas Real Estate Sales were down 30% in December 2011 over the same month last year with 23 homes selling this month! For the 2011 year to date, overall home sales were at 405 homes sold, a 5% change from last year. Bedford Texas Real Estate total dollar volume of homes sold this month was $3,309,148 which is a -36% change from this month last year. For the 2011 year to date, the total dollar sales were at $63,817,470, which is a -1% change.

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New Bedford Texas Real Estate listings experienced a -29% change for the same period last year with 25 homes listed this month. For the 2011 year to date, overall home listings underwent a -10% change with 628 homes listed this year. Listings pending sales this month underwent a 5% change, with 22 homes contracted. Listings under contract for 2011 year to date experienced a 8% change, with 368 homes under contract for this month.

The average sales price of a home in this area was $143,876, a -9% change from this month last year. Overall, for 2011, the average sales price was $157,574 , a -6% change. Sellers received 96% of their asking price this month, which is a 3% change from last year. For 2011 year to date, sellers received 97% of their asking price, which is a 0% change. This month, homes spent an average of 73 days on the market until sold, which was a -6% change from last year. For the 2011 year to date, the average number of days on the market was 70, an overall change of 25%.

The current supply of active listings on the market this month was 96 homes. This is a change of -34% from the same month last year. For the 2011 year to date, the supply of active listings on the market was 151, which is a -8% change. This month there was a 2.8 months’ supply of homes on the market; this was a -37% change from last year. For the 2011 year to date, there was a 4.5 months’ supply of homes on the market, which is a -12% change from the same period last year. The average price per square foot was $76 this month; a -8% change from last year. For the 2011 year to date, the average price per square foot was $80, a change of -6% .

Bedford Real Estate sales is known as area 120 in the North Texas Real Estate Information System. Information is believed reliable but is only as accurate as reported by the system in the month of December 2011. DFW Team Realty provides month reports on Bedford Real Estate Sales as well as Bedford Foreclosures, Bedford Short Sales, and Home in Bedford. Please visit our website at DFWTeamRealty.com for the latest information on Bedford homes by price range and community.

The DFW Metroplex is also known as Dallas Fort Worth Arlington Metropolitan Statistical Area, a title designated by the U.S. Census which encompasses 12 counties within the U.S. state of Texas. The area is divided into two metropolitan divisions: Dallas Plano Irving and Fort Worth Arlington and is comprised of over 70 area 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 U.S. states of Rhode Island and Connecticut combined. It is also the sixth largest gross metropolitan product (GMP) in the United States, and approximately tenth largest by GMP in the world.

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