Lakewood and M Streets, Texas Home Values report for December 2014

So far this year, housing sales dipped 7% relative to the same month last year, with 3,034 properties sold this year. During December, Lakewood and M Streets housing sales gained 6%, with 230 properties sold this month.

There were 193 new home properties listed in December of this year. New houses listed in December 2014 in Lakewood and M Streets went up 23%. Overall this year, new housing listings have reached 3,766 total. Year-to-date, homes sold fell 2% compared to the same month last year. Listings under contract in December 2014 in Lakewood and M Streets climbed 31%, with 180 homes currently listed under contract this month. Cumulatively this year there have been 2,934 listed houses under contract overall, which is a 2% decline relative to the same month last year. The average sales price was about $314,435 so far this year, which is a 11% rise from a year ago. The average price for a home was about $343,141 this month, a 20% upturn from last month.

Buyers received 96% of their listed price in December of this year, which is a 0% rise from the previous month. Buyers sold their houses for 96% of their asking price on average year-to-date, which is a 1% increase from a year ago. In December of this year, properties spent approximately 53 days in the market until sold, a 15% gain from last month. Year-to-date, properties spent an average of 43 days in the market until sold, which is a 10% decrease from a year ago. In December of this year, the market supply of homes for properties in Lakewood and M Streets was 415 properties, a 19% decrease from last month.This month there was a 1.8 month supply of houses on the market. The month supply of houses in Lakewood and M Streets dropped 13%.

Lakewood and M Streets real estate information, known as MLS Area 12, 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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Lakewood and M Streets Texas Real Estate December 2014

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