Oak Lawn and Turtle Creek, Texas Home Values report for December 2014

So far this year, houses sold went down 3% compared to the same period last year, with 1,400 homes sold. Oaklawn and Turtle Creek homes sold were at 125 properties in December 2014, which is a 10% decline from last month.

Year-to-date new listings have reached 1,765 total. New home properties listed decreased 10% relative to the same month last year. New homes listed in December 2014 in Oaklawn and Turtle Creek went down 7%, with 80 homes listed in December of this year. Year-to-date, houses sold went down 2% relative to the same period last year, with 1,370 houses sold. Oaklawn and Turtle Creek listings under contract were at 74 houses during December, a 4% fall from the previous month. The average price for a home in Oaklawn and Turtle Creek dipped 2% . So far this year, the average home sales price was approximately $360,617, which is a 2% rise compared to the same period last year.

Percentage of asking price received year-to-date grew 1% relative to the same period last year, with percentage of asking price received at 96%. The percentage of asking price received in Oaklawn and Turtle Creek climbed 0% during December, with buyers receiving 96% of their original price. On average, homes spent 61 days in the market until sold, which is a 5% rise from the previous month. Days on market until sale so far this year went down 10% relative to the same month last year, at 59 days on market until sale. The market inventory of available homes in Oaklawn and Turtle Creek declined 31% this December, the market supply of homes being 255 homes. In December 2014 there was a 2.3 month supply of houses on the market, a 29% drop from the previous month.

Oaklawn and Turtle Creek real estate information, known as MLS Area 17, 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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Oaklawn and Turtle Creek Texas Real Estate December 2014

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