Denton, Texas Home Values report for November 2015

Denton home sales gained 0% this month, with 44 properties sold in November 2015. Year-to-date, homes sold are at 668, which is a 10% decline compared to the same month last year.

Year-to-date there, have been 792 new real estate listings overall, which is a 6% drop relative to the same month last year. New listings in Denton climbed 10% in November 2015, with 56 houses listed this November. The number of listings under contract in Denton dropped 16%, with 43 properties currently listed under contract. Overall this year, listed houses under contract are at 688 in all, which is a 9% fall relative to the same month last year. The average price for a house in November 2015 in Denton rose 16% . In total for this year, homes sold grew 13% compared to the same month last year, with the average price for a home at $178,928.

The percentage of asking price received by buyers in Denton grew 0% in November of this year, with percentage of original list prices received at 97%. Percentage of asking price received year-to-date grew 2% compared to the same month last year, with percentage of original list prices received at 99%. So far this year, properties spent an average of 26 days in the market until sold, which is a 34% decline compared to the same month last year. This month, houses spent an average of 29 days in the market until sold, which is a 30% dip from a month ago. The market inventory of available homes in November 2015 in Denton declined 17%, the current supply of active listings on the market being 77 houses. The month supply of available homes in November of this year in Denton went down 10%, with a 1.3 month supply of available homes on the market.

Denton real estate information, known as MLS Area 31, 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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Denton Texas Real Estate November 2015

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