Melissa, Texas Home Values report for November 2015

Houses sold year-to-date went up 27% relative to the same month last year, with 185 properties sold this year. Housing sales in Melissa declined 32% this month, with 19 properties sold.

So far this year there, have been 275 new real estate listings total, which is a 12% rise relative to the same month last year. This November, 18 new homes were listed in Melissa. This month, the number of new housing listings in Melissa grew 39%. Current listings under contract in total for this year went up 21% relative to the same period last year, with 238 properties sold this year. In November 2015, there were 17 properties currently listed in Melissa, which is a 21% growth from last month. The average home sales price in November of this year in Melissa rose 20% . Year-to-date, the average sales price for houses in Melissa was about $242,089, which is a 3% gain from a year ago.

On average year-to-date, buyers got 98% of their listed price, which is a 1% rise from a year ago. The percentage of original list prices received in Melissa increased 0% in November of this year, with buyers receiving 96% of their original price. Days on market until sale so far this year declined 18% relative to the same month last year, at 45 days on market until sale. The days on market until sale this month in Melissa went down 9%, at 43 days on market until sale. This November, the market supply of homes for properties in Melissa was 35 properties. The market supply of homes in Melissa dropped 35%. In November 2015 there was a 1.7 month supply of homes on the market, which is a 48% fall from the previous month.

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 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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Melissa Texas Real Estate November 2015

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