Denton, Texas Home Values report for November 2014

Houses sold in November 2014 in Denton dropped 21%, with 44 properties sold. Housing sales cumulatively this year fell 4% compared to the same month last year, with 758 houses sold this year.

There were 51 new housing properties listed in November of this year. This November, the number of new home properties listed in Denton gained 28%. Year-to-date there have been 843 new home listings in all. So far this year, houses sold dipped 8% relative to the same period last year. Listings under contract in Denton went up 0% this month, with 50 properties currently listed under contract. So far this year there have been – listed homes under contract total, which is a 3% fall compared to the same month last year. So far this year, housing sales grew 5% compared to the same period last year, with $157,731 being the average price for a house. In November 2014, the average price for a home for properties in Denton was about $153,974, a 5% upturn from the previous month.

This month, buyers got 97.6% of their list price, a 0% increase from the previous month. Year-to-date, buyers received 97.0% of their original price, which is a 0% surge from a year ago. This month, houses spent an average of 39 days in the market until sold, a 6% rise from a month ago. So far this year, houses have spent approximately 41 days in the market until sold, which is a 2% rise relative to the same month last year. The month supply of available homes in November 2014 in Denton fell 26%, with a 1.3 month supply of available homes on the market.

Denton 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 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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Denton Texas Real Estate  November 2014

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