Dallas North, Texas home sales increase 15% this month

In December 2015, there were 79 homes sold in Dallas North, a 15% surge from last month. Year-to-date, home sales increased 2% compared to the same period last year, with 1,005 homes sold.

There were 56 new homes listed this month. New houses listed in Dallas North fell 8% in December 2015. In total for this year, houses sold rose 1% relative to the same period last year, with 1,005 properties sold. Dallas North listings under contract were at 59 properties in December of this year, which is a 34% increase from a month ago. So far this year there have been 1,045 listed homes under contract overall, which is a 6% increase relative to the same period last year. This December, the average selling price was about $884,971, a 4% upturn from the previous month. So far this year, homes sold rose 2% compared to the same period last year, with the average selling price at $797,931.

On average year-to-date, buyers got 95% of their listed price, which is a 1% gain relative to the same period last year. The percentage of asking price received in Dallas North rose 0% in December 2015, with percentage of original list prices received at 93%. The days on market until sale this month in Dallas North declined 28%, at 47 days on market until sale. In total for this year, homes spent about 52 days in the market until sold., which is a 17% fall from a year ago. The current supply of active listings on the market in Dallas North dropped 18%, with 223 being the market inventory of available homes. This month there was a 2.6 month supply of homes, which is a 20% fall from last month.

Dallas North is one of many regions reported on by the North Texas Real Estate Information System. The MLS Area for Dallas North is 11. The DFW metroplex has 13 counties and two major metropolitan regions – Dallas-Plano-Irving and Fort Worth – in an area of over 9,000 square miles. It is sixth largest by Gross Metropolitan Product in the United States, and is about tenth largest by GMP in the world. The DFW area is, by population, the largest metropolitan region in Texas, the largest in the South, the fourth largest in the United States and the tenth-largest in the Americas.

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Dallas North Texas Real Estate December 2015

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