Lakewood and M Streets, Texas home sales growth 3% this December

Cumulatively this year, homes sold went up 6% compared to the same period last year, with 2,843 properties sold. Lakewood and M Streets homes sold reached 262 houses in December of this year, which is a 3% upturn from last month.

New housing properties listed this month in Lakewood and M Streets increased 1%, with 194 homes listed this December. New houses listed gained 3% relative to the same month last year, with 2,843 properties sold this year. During December, there were 176 homes currently listed in Lakewood and M Streets, which is a 5% rise from last month. So far this year there have been 3,046 listed homes under contract overall, which is a 5% surge from last year. The average home sales price in Lakewood and M Streets climbed 2% during December . Year-to-date, home sales climbed 11% relative to the same period last year, with $348,249 being the average price for a house.

The average percentage of original list prices received year-to-date is 97%, which is a 1% rise from a year ago. Buyers got 96% of their original price in December of this year, which is a 0% growth from a month ago. So far this year, houses have spent approximately 33 days in the market until sold, which is a 17% dip compared to the same period last year. The days on market until sale in Lakewood and M Streets grew 1%, at 42 days on market until sale. This December, the current supply of active listings on the market was 441 houses, a 7% dip from a month ago.The month supply of available homes in Lakewood and M Streets dropped 12% this month, with a 1.8 month supply of houses on the market.

MLS Area 12 is the Multiple Listing Service Access number for Lakewood and M Streets, as designated by the North Texas Real Estate Information System. The DFW area is made up of 13 counties and two major metropolitan areas – Dallas-Plano-Irving and Fort Worth – in an area of over 9,000 quare miles. The Gross Metropolitan Product of The DFW metroplex is sixth largest in the United States and about tenth largest in the world. DFW is, in regards to population, the largest metropolitan region in Texas, the largest in the South, the fourth largest in the United States and the tenth-largest in the Americas.

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Lakewood and M Streets Texas Real Estate December 2015

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