Denton Texas Real Estate Sales up 26% in November

Denton Texas Real Estate Sales were up 26% in November over the same month last year with 44 homes selling this month compared to 35 sold this month last year! For the 2011 year to date, overall home sales were down 5% with 513 homes sold compared to 537 homes sold last year.

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New listings in were up 16% for the same period last year with 71 homes listed as compared to 61 listed this month last year. For the year 2011, overall home listings were down 13% with 812 homes listed as compared to 934 homes listed last year. Listings under contract were up 6% with 33 homes listed compared to 31 homes listed this month last year. Listings under contract for all 2011 were down 2% with 524 homes listed as compared to 537 listed for all last year.

The average sales price of homes was up 8% to $124,978 as compared to $115,468 for this month last year. The overall year of 2011 average sales prices were DOWN 1% to $126,888 as compared to $127,267 last year. Sellers received 91.4% of their asking price this month as compared to 88.7% this month last year. For the overall year of 2011 sellers received 93.3% of their asking as compared to 94.5% last year a -1.3% change from last year. The average days on the market until sold was 108 days compared to 74 days for this month last year up 45%. For the overall year of 2011 the average days on the market was 97 days compared to 78 days last year a 24% change.

The current supply of homes on the market was 228 homes, down 14% as compared to 264 homes from the same period last year. This is a 4.8 month supply of homes on the market, down 13% as compared to the 5.5 month supply from this month last year.

Real Estate in Denton Texas is listed as Multiple Listing Service (MLS) area 31 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 November 2011. DFW Team Realty provides month reports on Denton Real Estate Sales as well as Denton Foreclosures, Denton Short Sales, and Homes in Denton. Enter brief data about Denton Homes or neighborhood you want to research and receive real-time market reports. Find information on what is listed, what has been sold, the average days on the market, and an in-depth report about all the homes in your area. Updated real estate market data is emailed to you monthly! This service works for Denton Home Values, Real Estate information, and all areas of the DFW metroplex. Please visit our website at DFWTeamRealty.com for the latest information on Denton homes by price range and community. Search Denton Real Estate at Homes in DFW

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