Lancaster Texas Real Estate Sales up 26% in November 2011

Lancaster Texas Real Estate Sales were up 26% in November 2011 over the same month last year with 24 homes selling this month! For the year to date, overall home sales were at 300 homes sold, a -12% change from last year. Lancaster Texas Real Estate total dollar volume of homes sold this month was $1,748,160 which is a 1% change from this month last year. For the 2011 year to date, the total dollar sales were at $23,010,900, which is a -21% change.

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New Lancaster Texas Real Estate listings experienced a -53% change for the same period last year with 25 homes listed this month. For the year to date, overall home listings underwent a -20% change with 477 homes listed this year. Listings pending sales this month underwent a -13% change, with 27 homes contracted. Listings under contract for the year to date experienced a -3% change, with 370 homes under contract for this month.

The average sales price of Lancaster Texas Real Estate was $72,840, a -20% change from this month last year. Overall, for the year, the average sales price was $76,703 , a -10% change. Sellers received 97% of their asking price this month, which is a 1% change from last year. For the year to date, sellers received 97% of their asking price, which is a -2% change. This month, homes spent an average of 90 days on the market until sold, which was a -17% change from last year. For the year to date, the average number of days on the market was 73, an overall change of 0%.

The current supply of active listings on the market this month was 114 homes. This is a change of -23% from the same month last year. For the year to date, the supply of active listings on the market was 148, which is a 3% change. This month there was a 4.2 months’ supply of homes on the market; this was a -10% change from last year. For the year to date, there was a 5.5 months’ supply of homes on the market, which is a 21% change from the same period last year. The average price per square foot was $37 this month; a -18% change from last year. For the year to date, the average price per square foot was $40, a change of -10%

Lancaster Real Estate sales is known as Multiple Listing Service (MLS) area 3 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 Lancaster Real Estate Sales as well as Lancaster Foreclosures, Lancaster Short Sales, and Homes in Lancaster. Please visit our website at DFWTeamRealty.com for the latest information on Lancaster homes by price range and community. Search Lancaster Real Estate at Homes in DFW

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