Coppell, Texas Home Values report for November 2014

This month, Coppell housing sales dipped 24%, with 29 homes sold this month. So far this year there have been 582 homes sold overall, which is a 8% fall from a year ago.

Cumulatively this year, houses sold fell 3% relative to the same month last year, with 582 homes sold this year. There were 30 new real estate listings in November 2014, a 35% decrease from last month. This month, there were 24 homes currently listed in Coppell, a 23% fall from the previous month. So far this year, homes sold declined 10% compared to the same period last year, with 538 houses sold this year. This month, the average home sales price was approximately $341,739, which is a 7% surge from a month ago. The average price for a home cumulatively this year grew 8% compared to the same month last year, the average sales price being $362,554.

Buyers sold their houses for 98.4% of their original price in November of this year, a 0% upturn from the previous month. Percent of asking price received so far this year went up 0% relative to the same month last year, with buyers receiving 97.6%of their original price. The days on market until sale in Coppell went down 19% this November, at 42 days on market until sale. Days on market until sale year-to-date went up 10% relative to the same period last year, at 37 days on market until sale. In November 2014, the market supply of homes was 99 houses. The current supply of active listings on the market in Coppell gained 5%. The month supply of homes in Coppell gained 14% this November, with a 2.1 month supply of homes on the market.

Coppell real estate information, known as MLS Area 21:, 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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Coppell Texas Real Estate  November 2014

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