Denton, Texas home sales decrease 9% this month

So far this year there have been 803 homes sold, which is a 10% decline from a year ago. There were 59 houses sold in Denton during December, which is a 9% drop from last month.

In December of this year, the number of new real estate listings in Denton increased 23%, with 49 homes listed in December 2015. New listings year-to-date climbed 5% relative to the same month last year, with 803 houses sold. Current listings under contract this month in Denton dipped 7%, with 40 properties currently listed under contract this month. Year-to-date, homes sold dipped 9% relative to the same month last year, with 728 properties sold during 2015. The average selling price was approximately $193,833 in December of this year, which is a 14% rise from the previous month. Cumulatively this year, the average selling price was approximately $179,915, which is a 13% increase from last year.

Year-to-date, the percentage of original list prices received rose 2% relative to the same month last year, with buyers receiving 99% of their asking price. During December, buyers got 99% of their list price, a 0% gain from a month ago. Overall this year, the number of days on market until sale was about 26 days, which is a 35% fall relative to the same month last year. On average, properties spent 26 days in the market until sold, a 48% decrease from the previous month. In December 2015, the current supply of active listings on the market for houses in Denton was 71 houses, a 15% decline from last month.In December 2015 there was a 1.2 month supply of homes on the market. The month supply of available homes in Denton declined 5% this month.

MLS Area 31 is the Multiple Listing Service Access number for Denton, as designated by the North Texas Real Estate Information System. The DFW metroplex contains 13 counties and two major metropolitan regions – Dallas-Plano-Irving and Fort Worth – in an area of over 9,000 quare miles. The DFW area is the most populous metropolitan region in Texas and in the South. It ranks fourth in the United States and tenth in the Americas. The Dallas Fort-Worth area is sixth largest by Gross Metropolitan Product in the United States, and is about tenth largest by GMP in the world.

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Denton Texas Real Estate December 2015

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