Coppell Texas Home Values were DOWN 11% in October

Coppell Texas Home Values were DOWN 11% in October over the same month last year with 31 homes selling this month compared to 33 sold this month last year! For the 2011, year to date, overall home sales were UP 2% with 436 homes sold compared to 426 homes sold last year.

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New listings were DOWN 5% for the same period last year with 55 homes listed as compared to 58 listed this month last year. For the year 2011, overall home listings were DOWN 8% with 719 homes listed as compared to 779 homes listed last year. Listings under contract were DOWN 26% with 26 homes contracted compared to 35 homes contracted this month last year. Listings under contract for all 2011 were DOWN 1% with 433 homes contracted as compared to 439 contracted for all last year.

The average sales price of homes was DOWN 2% to $311,568 as compared to $318,505 for this month last year. The overall year of 2011 average sales prices were UP 4% to $315,748 as compared to $303.022 last year. Sellers received 94.5% of their asking price this month as compared to 93.9% this month last year. The average days on the market until sold in was 77 days compared to 89 days for this month last year DOWN 14%.

The current supply of homes on the market was 183 homes DOWN 18% as compared to 223 homes from the same period last year. This is 5.4 month supply of homes on the market DOWN 18% as compared to 5.3 month supply from this month last year.

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