Lavon, Texas Home Values report for November 2015

Lavon housing sales rose 0% during November, with 16 houses sold this month. Year-to-date, home sales went up 7% relative to the same period last year, with 225 properties sold so far this year.

New houses listed increased 4% compared to the same period last year, with 225 homes sold. This month, 17 new properties were listed in Lavon. New listings during November in Lavon decreased 23%. Cumulatively this year, home sales increased 10% compared to the same period last year, with 238 properties sold so far this year. There were 23 listed houses under contract this month, a 35% rise from the previous month. The average home sales price in Lavon grew 12% . So far this year, the average price for a house for houses in Lavon was approximately $209,922, which is a 15% rise from last year.

On average year-to-date, buyers received 97% of their asking price, which is a 1% increase compared to the same month last year. This month, buyers received 99% of their listed price, a 0% surge from a month ago. Year-to-date, homes spent about 48 days in the market until sold., which is a 18% decrease from a year ago. On average, houses spent 27 days in the market until sold, a 46% decline from last month. The current supply of active listings on the market in Lavon went down 38%, the market supply of homes being 34 houses. The month supply of available homes in Lavon dropped 43%, with a 1.7 month supply of homes on the market.

Lavon real estate information, known as MLS Area 56, 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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Lavon Texas Real Estate November 2015

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