Fairview, Texas Home Values report for November 2015

In November 2015, Fairview houses sold rose 67%, with 15 homes sold. During 2015 there have been 339 houses sold in all, which is a 4% upturn relative to the same period last year.

In total for this year, new home properties listed are at 480 total. Year-to-date, home sales increased 7% relative to the same month last year. This month, 31 new houses were listed in Fairview, a 41% growth from last month. The number of listed homes under contract in Fairview declined 6%, with 17 houses currently listed under contract. In total for this year, current listings under contract are at 359 in all, which is a 6% growth relative to the same period last year. Year-to-date, homes sold climbed 11% compared to the same month last year, with the average price for a home at $460,556. This month, the average home sales price for homes in Fairview was approximately $371,158, a 15% dip from the previous month.

In November 2015, buyers received 99% of their original price, which is a 0% increase from last month. Percentage of asking price received year-to-date rose 0% compared to the same period last year, with percentage of asking price received at 97%. So far this year, the number of days on market until sale was approximately 42 days, which is a 1% surge from a year ago. The days on market until sale this month in Fairview dipped 63%, at 19 days on market until sale. The market inventory of available homes was 95 houses, a 20% rise from a month ago.There was a 3.1 month supply of homes this month. The month supply of homes this month in Fairview grew 16%.

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 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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Fairview Texas Real Estate November 2015

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