Uptown Dallas Home Values report for November 2014

In Dallas Uptown, 91 houses sold this month, which is a 23% decrease from the previous month. Cumulatively this year, homes sold are at 1,275 overall, which is a 3% decline compared to the same month last year.

Cumulatively this year there have been 1,684 new home listings overall, which is a 10% decline from last year. This November, the number of new home properties listed in Dallas Uptown grew 6%, with 114 homes listed this November. Cumulatively this year there have been 1,295 listings under contract overall, which is a 2% drop from a year ago. Listings under contract this month in Dallas Uptown dropped 16%, with 90 properties currently listed under contract this month. The average price for a house in November 2014 in Dallas Uptown grew 11%, with the average selling price at $376,678. The average price for a house was approximately $361,556 cumulatively this year, which is a 3% growth compared to the same month last year.

Percent of original list price received so far this year increased 1% compared to the same month last year, with buyers receiving 95.7%of their list price. Buyers sold their houses for 96.1% of their listed price this month, a 0% surge from last month. Days on market until sale so far this year decreased 11% relative to the same period last year, at 58 number of days on market until sale. On average, homes spent 57 days in the market until sold, a 29% fall from last month. In November 2014, the market inventory of available homes for properties in Dallas Uptown was 294 properties. The market inventory of available homes in Dallas Uptown went down 27%. There was a 2.6 month supply of homes in November of this year. The month supply of houses in Dallas Uptown declined 27%.

Dallas Uptown 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 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 Uptown Texas  Real Estate November 2014

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