North Dallas Texas Home Sales Market report for December 2014

There were 87 home sales in Dallas North in December of this year, a 14% fall from last month. Housing sales year-to-date declined 12% relative to the same month last year, with 1,128 houses sold so far this year.

So far this year, new home properties listed have reached 1,458 in all. New housing properties listed year-to-date climbed 10% compared to the same period last year. There were 59 new home properties listed during December, a 26% surge from a month ago. So far this year there have been 984 listings under contract overall, which is a 13% decrease relative to the same month last year. Listed homes under contract this month in Dallas North dipped 31%, with 43 homes currently listed under contract. So far this year, the average home sales price was approximately $786,124, which is a 15% gain relative to the same month last year. In December of this year, the average price for a house was approximately $869,529, which is a 5% gain from a month ago.

This December, buyers got 94% of their listed price, a 0% growth from last month. Percentage of original list prices received so far this year climbed 0% compared to the same period last year, with buyers receiving 94% of their list price. In total for this year, home sales rose 9% relative to the same period last year, at 67 days on market until sale. In December 2014, homes spent an average of 83 days in the market until sold, which is a 27% gain from the previous month. In December of this year, the current supply of active listings on the market was 258 houses, which is a 17% decrease from a month ago.The month supply of houses in Dallas North dropped 6%, with a 3.1 month supply of available homes.

Dallas North real estate information, known as MLS Area 11, 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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Dallas North Texas Real Estate December 2014

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