Farmers Branch, Texas home sales surge 2% during December

So far this year, homes sold dipped 2% relative to the same month last year, with 2,159 homes sold this year. There were 172 homes sold in Farmers Branch during December, a 2% upturn from last month.

This month, 110 new homes were listed in Farmers Branch. New houses listed this December in Farmers Branch gained 8%. Year-to-date new listings have reached 2,537 overall, which is a 4% drop from last year. So far this year there have been 2,168 listed houses under contract overall, which is a 0% growth compared to the same month last year. Listings under contract in December of this year in Farmers Branch went up 6%, with 127 properties currently listed under contract. The average price for a house year-to-date grew 9% compared to the same period last year, with the average selling price at $250,988. The average price for a house in December of this year in Farmers Branch dropped 4% .

On average year-to-date, buyers sold their houses for 99% of their list price, which is a 2% surge compared to the same month last year. The percentage of asking price received in Farmers Branch grew 0% this December, with percentage of asking price received at 97%. Year-to-date, homes spent an average of 25 days in the market until sold, which is a 30% decrease relative to the same month last year. On average, houses spent 34 days in the market until sold, a 8% fall from a month ago. The current supply of active listings on the market in Farmers Branch decreased 6%, with the market inventory of available homes at 168 homes. In December of this year there was a 1.0 month supply of available homes on the market, a 4% decline from a month ago.

MLS Area 22 is the Multiple Listing Service Access number for Farmers Branch, as designated by the North Texas Real Estate Information System. There are 13 counties and two major metropolitan divisions in The Dallas Fort-Worth area –
Dallas-Plano-Irving and Fort Worth – which cover over 9,000 square miles. in terms of population, The Dallas Fort-Worth metroplex is the area that ranks first in Texas and in the South, and fourth in the United States. The DFW metroplex is sixth largest by Gross Metropolitan Product in the United States, and is approximately tenth largest by GMP in the world.

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Farmers Branch Texas Real Estate December 2015


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