Coppell, Texas Home Values report for December 2014

Year-to-date there have been 618 houses sold, which is a 8% fall from last year. Coppell houses sold were at 36 properties this December, which is a 17% fall from last month.

Overall this year, houses sold decreased 2% relative to the same month last year, with 618 houses sold. In December 2014, the number of new homes listed in Coppell grew 16%, with 29 properties listed this month. Cumulatively this year, current listings under contract have reached 563 in all, which is a 10% decline from last year. This month, there were 24 properties currently listed in Coppell, which is a 14% decline from the previous month. So far this year, homes sold climbed 9% compared to the same month last year, with $360,472 being the average selling price. The average price for a house in Coppell went up 22% .

Percentage of asking price received cumulatively this year rose 0% relative to the same period last year, with percentage of original list prices received at 98%. Buyers sold their houses for 96% of their list price in December 2014, a 0% gain from the previous month. Days on market until sale in total for this year gained 12% relative to the same month last year, at 38 days on market until sale. This month, homes spent approximately 51 days in the market until sold, a 40% upturn from the previous month. This month, the current supply of active listings on the market was 88 homes, a 14% upturn from the previous month.This month there was a 1.9 month supply of available homes, which is a 25% rise from a month ago.

Coppell real estate information, known as MLS Area 31, 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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Coppell Texas Real Estate December 2014

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