Dallas North, Texas Home Values report for November 2015

Year-to-date, home sales went up 1% compared to the same month last year, with 926 properties sold. Home sales this November in Dallas North gained 6%, with 70 homes sold this month.

During November, 95 new homes were listed in Dallas North. New housing listings this month in Dallas North grew 30%. So far this year there, have been 1,427 new real estate listings in all, which is a 2% increase compared to the same month last year. In November of this year, there were 76 properties currently listed in Dallas North, a 52% surge from last month. So far this year, homes sold climbed 5% relative to the same month last year, with 989 houses sold this year. So far this year, the average price for a home was about $790,159, which is a 2% rise relative to the same month last year. This November, the average selling price for homes in Dallas North was about $710,082, which is a 0% increase from the previous month.

The percentage of original list prices received by buyers in Dallas North rose 0% this November, with buyers receiving 94% of their listed price. The average percentage of original list prices received year-to-date is 95%, which is a 1% rise relative to the same period last year. This month, properties spent an average of 50 days in the market until sold, which is a 19% drop from last month. So far this year, houses spent an average of 53 days in the market until sold, which is a 16% drop compared to the same month last year. This month, the market supply of homes for houses in Dallas North was 300 houses, which is a 10% fall from the previous month.The month supply of homes in Dallas North went down 9%, with a 3.6 month supply of houses.

Dallas North real estate information, known as MLS Area 11, 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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Dallas North Texas Real Estate November 2015

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