University Park, Texas Home Values report for December 2014

This year there have been 979 housing sales overall, which is a 10% decline compared to the same month last year. In University Park, 71 homes sold in December 2014, which is a 11% growth from a month ago.

New housing properties listed this month in University Park dropped 2%, with 44 houses listed in December of this year. New home properties listed year-to-date rose 5% relative to the same month last year, with 979 homes sold. University Park listed homes under contract reached 43 homes during December, which is a 39% upturn from a month ago. So far this year, houses sold declined 10% compared to the same period last year, with 891 homes sold during 2014. The average sales price was approximately $1,079,565 so far this year, which is a 4% growth compared to the same period last year. The average price for a house in University Park decreased 3% .

The percentage of asking price received by buyers in December 2014 increased 0%, with buyers receiving 95% of their list price. Percentage of asking price received in total for this year rose 0% compared to the same month last year, with percentage of original list prices received at 95%. The days on market until sale was approximately 76 days, which is a 30% increase from last month. Year-to-date, the number of days on market until sale was about 61 days, which is a 4% gain relative to the same period last year. The current supply of active listings on the market was 210 houses, a 10% dip from the previous month.This month there was a 2.8 month supply of houses on the market. The month supply of homes this month in University Park went up 0%.

University Park real estate information, known as MLS Area 25, 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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University Park Texas Real Estate December 2014

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