Coppell, Texas home sales growth 56% during December

Home sales in Coppell grew 56% this month, with 32 houses sold. In total for this year, home sales have reached 569, which is a 2% drop compared to the same period last year.

Year-to-date, home sales went down 4% relative to the same period last year, with 569 properties sold. This December, 22 new homes were listed in Coppell, a 24% drop from the previous month. In December 2015, there were 31 properties currently listed in Coppell, which is a 29% surge from last month. Listed homes under contract in total for this year went up 2% compared to the same period last year, with 572 homes sold. This December, the average price for a home for properties in Coppell was approximately $366,223, a 7% increase from a month ago. The average selling price was approximately $392,047 year-to-date, which is a 9% increase relative to the same period last year.

The percentage of original list prices received by buyers in Coppell rose 0% this December, with percentage of asking price received at 96%. Buyers sold their houses for 98% of their list price on average year-to-date, which is a 1% gain compared to the same period last year. So far this year, houses spent approximately 40 days in the market until sold., which is a 13% upturn relative to the same period last year. The days on market until sale was about 56 days, a 58% growth from last month. During December, the market supply of homes was 64 homes, which is a 33% dip from a month ago. This month there was a 1.4 month supply of homes on the market, which is a 31% fall from a month ago.

MLS Area is the Multiple Listing Service Access number for Coppell, as designated by the North Texas Real Estate Information System. The DFW metroplex contains 13 counties and two major metropolitan divisions – Dallas-Plano-Irving and Fort Worth – in an area of over 9,000 square miles. The Gross Metropolitan Product of The Dallas Fort-Worth metroplex is sixth largest in the United States and about tenth largest in the world. The Dallas Fort-Worth area is, in terms of 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.

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Coppell Texas Real Estate December 2015


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