Lovejoy Texas Real Estate Sales down 60% in November 2011

Lovejoy Texas Real Estate Sales were down 60% in November 2011 over the same month last year with 8 homes selling this month! For the year to date, overall home sales were at 244 homes sold, a 6% change from last year. Lovejoy Texas Real Estate total dollar volume of homes sold this month was $1,997,432 which is a -72% change from this month last year. For the 2011 year to date, the total dollar sales were at $90,587,440, which is a 15% change.

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New Lovejoy Texas Real Estate listings experienced a 0% change for the same period last year with 25 homes listed this month. For the year to date, overall home listings underwent a -21% change with 370 homes listed this year. Listings pending sales this month underwent a -28% change, with 13 homes contracted. Listings under contract for the year to date experienced a -1% change, with 206 homes under contract for this month.

The average sales price of Lovejoy Texas Real Estate was $249,679, a -31% change from this month last year. Overall, for the year, the average sales price was $371,260 , a 9% change. Sellers received 94% of their asking price this month, which is a -4% change from last year. For the year to date, sellers received 96% of their asking price, which is a -1% change. This month, homes spent an average of 36 days on the market until sold, which was a -37% change from last year. For the year to date, the average number of days on the market was 88, an overall change of 9%.

The current supply of active listings on the market this month was 98 homes. This is a change of -28% from the same month last year. For the year to date, the supply of active listings on the market was 114, which is a -25% change. This month there was a 4.4 months’ supply of homes on the market; this was a -35% change from last year. For the year to date, there was a 5.1 months’ supply of homes on the market, which is a -32% change from the same period last year. The average price per square foot was $93 this month; a -14% change from last year. For the year to date, the average price per square foot was $110, a change of 4%

Lovejoy Real Estate sales is known as Multiple Listing Service (MLS) area 52 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 Lovejoy Real Estate Sales as well as Lovejoy Foreclosures, Lovejoy Short Sales, and Homes in Lovejoy. Please visit our website at DFWTeamRealty.com for the latest information on Lovejoy homes by price range and community. Search Lovejoy Real Estate at Homes in DFW

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