Melissa, Texas Home Values report for December 2014

In total for this year, home sales increased 8% relative to the same period last year, with 187 properties sold so far this year. In December of this year, Melissa houses sold decreased 10%, with 20 houses sold this month.

Year-to-date there, have been 259 new real estate listings overall. New homes listed year-to-date grew 5% relative to the same period last year. In December of this year, 12 new houses were listed in Melissa, a 20% increase from a month ago. Year-to-date, current listings under contract have reached 211 total, which is a 12% gain from a year ago. There were 15 current listings under contract in December 2014, which is a 88% gain from last month. The average home sales price in Melissa dipped 2% this month . So far this year, the average price for a house was about $232,385, which is a 13% growth compared to the same period last year.

In December of this year, buyers sold their houses for 95% of their asking price, a 0% gain from the previous month. In total for this year, the percentage of original list prices received grew 0% relative to the same period last year, with percentage of original list prices received at 96%. Year-to-date, homes sold rose 22% compared to the same period last year, at 58 days on market until sale. The days on market until sale in Melissa went down 8% this month, at 63 days on market until sale. The market inventory of available homes in Melissa increased 3%, with the market supply of homes at 40 houses. During December there was a 2.4 month supply of available homes on the market, which is a 5% decrease from a month ago.

Melissa real estate information, known as MLS Area 68, 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 December 2014.

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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Melissa Texas Real Estate December 2014

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