Fairview, Texas Home Values report for December 2014

During December, there were 20 home sales in Fairview, which is a 0% gain from the previous month. So far this year, homes sold have reached 357, which is a 6% drop relative to the same period last year.

Year-to-date, new houses listed are at 470 overall, which is a 2% drop from last year. During December, 20 new homes were listed in Fairview, a 31% dip from last month. Year-to-date there have been 358 listed homes under contract overall, which is a 7% fall relative to the same month last year. Listed houses under contract this December in Fairview decreased 9%, with 20 properties currently listed under contract. The average price for a home year-to-date climbed 4% relative to the same month last year, the average price for a home being $418,767. In December 2014, the average price for a house was about $451,391, a 28% surge from last month.

The average percentage of original list prices received year-to-date is 97%, which is a 0% upturn from last year. The percentage of original list prices received by buyers during December went up 0%, with percentage of asking price received at 99%. Days on market until sale overall this year fell 17% relative to the same month last year, at 43 days on market until sale. The days on market until sale during December in Fairview rose 70%, at 45 days on market until sale. In December of this year, the current supply of active listings on the market was 65 properties, a 6% decline from the previous month.There was a 2.2 month supply of homes in December 2014. The month supply of available homes in Fairview increased 0%.

Fairview real estate information, known as MLS Area 52, 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 December 2014.

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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Fairview Texas Real Estate December 2014

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