Coppell, Texas Home Values report for November 2015

Housing sales this month in Coppell increased 17%, with 24 homes sold this month. Year-to-date there have been 537 home sales, which is a 6% drop relative to the same month last year.

In November 2015, 34 new houses were listed in Coppell, a 13% increase from last month. Year-to-date there, have been 677 new real estate listings total. New homes listed decreased 3% compared to the same period last year. So far this year, houses sold increased 1% compared to the same month last year, with 541 properties sold. Coppell listings under contract were at 33 properties in November of this year, a 38% gain from the previous month. The average price for a house this month in Coppell went up 1% . So far this year, the average home sales price for properties in Coppell was about $393,785, which is a 9% surge from last year.

Buyers sold their houses for 99% of their list price in November 2015, which is a 0% surge from a month ago. Percentage of asking price received year-to-date rose 1% compared to the same month last year, with buyers receiving 98% of their list price. Days on market until sale overall this year climbed 8% compared to the same period last year, at 38 days on market until sale. The days on market until sale in November of this year in Coppell gained 16%, at 34 days on market until sale. In November 2015, the market supply of homes for homes in Coppell was 91 homes. The current supply of active listings on the market in November 2015 in Coppell dipped 14%. In November of this year there was a 2.0 month supply of available homes on the market, a 8% dip from last month.

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 November 2015.

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 2015

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