Oaklawn and Turtle Creek, Texas Home Values report for November 2015

Home sales this month in Oaklawn and Turtle Creek went up 27%, with 74 properties sold this month. Homes sold so far this year gained 5% compared to the same month last year, with 1,253 houses sold this year.

Cumulatively this year there, have been + new housing listings in all, which is a 2% surge from a year ago. There were 115 new listings in November of this year. New housing listings in November of this year in Oaklawn and Turtle Creek grew 0%. Listed houses under contract in total for this year rose 5% compared to the same month last year, with 1,360 properties sold. In November of this year, there were 82 houses currently listed in Oaklawn and Turtle Creek, which is a 12% drop from last month. In November 2015, the average home sales price was about $337,147, which is a 11% drop from last month. The average home sales price was approximately $389,123 year-to-date, which is a 8% growth from a year ago.

On average year-to-date, buyers received 97% of their list price, which is a 1% upturn from last year. The percentage of original list prices received by buyers during November rose 0%, with percentage of asking price received at 96%. Year-to-date, properties spent an average of 39 days in the market until sold, which is a 31% fall from last year. The days on market until sale in Oaklawn and Turtle Creek went down 23%, at 37 days on market until sale. The current supply of active listings on the market in Oaklawn and Turtle Creek dipped 12% this month, with the current supply of active listings on the market at 271 properties. During November there was a 2.3 month supply of available homes on the market. The month supply of homes in Oaklawn and Turtle Creek fell 16%.

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 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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Oaklawn and Turtle Creek Texas Real Estate November 2015

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