North Dallas Home Values report for November 2014

Homes sold during November in Dallas North went down 1%, with 70 houses sold. Housing sales cumulatively this year dipped 12% compared to the same period last year, with 1,041 homes sold.

So far this year there have been 1,396 new listings in all, which is a 12% dip from a year ago. This month, the number of new housing listings in Dallas North decreased 29%, with 70 homes listed in November 2014. So far this year, housing sales dropped 12% compared to the same period last year, with 942 properties sold. This November, there were 49 properties currently listed in Dallas North, a 41% dip from the previous month. In November 2014, the average selling price was about $720,267, which is a 4% growth from last month. The average selling price cumulatively this year went up 17% compared to the same month last year, with $780,072 being the average sales price.

Cumulatively this year, the percent of original list price received gained 0% relative to the same period last year, with buyers receiving 94.1%of their list price. The percent of asking price received by buyers in Dallas North grew 0% in November of this year, with buyers receiving 93.5%of their original price. Number of days on market until sale so far this year grew 7% relative to the same month last year, at 65 number of days on market until sale. The days on market until sale in Dallas North gained 25% this month, at 75 number of days on market until sale. The market supply of homes in Dallas North dropped 18% during November, with the market inventory of available homes at 313 houses. This November there was a 3.7 month supply of available homes on the market, a 9% dip from last month.

Dallas North real estate information, known as MLS Area 11:, 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 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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Dallas North Texas Real Estate November 2014

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