Farmers Branch, Texas Home Values report for December 2014

Housing sales so far this year went up 3% relative to the same month last year, with 2,094 properties sold this year. This December, Farmers Branch housing sales rose 12%, with 152 properties sold.

This month, 102 new properties were listed in Farmers Branch, a 29% rise from the previous month. Year-to-date there, have been 2,445 new housing listings overall. Year-to-date, housing sales dipped 3% relative to the same period last year. Listings under contract year-to-date grew 5% relative to the same month last year, with 2,177 houses sold. Farmers Branch listings under contract were at 123 houses during December, a 50% rise from last month. The average price for a home in December 2014 in Farmers Branch gained 25% . The average price for a house so far this year went up 11% compared to the same period last year, the average price for a home being $231,101.

The average percentage of original list prices received year-to-date is 98%, which is a 1% increase relative to the same month last year. This month, buyers got 98% of their listed price, which is a 0% gain from last month. In total for this year, houses sold dipped 3% relative to the same period last year, at 39 days on market until sale. The days on market until sale was about 46 days, which is a 8% gain from last month. The market supply of homes was 149 houses. The market inventory of available homes in Farmers Branch dropped 47%. There was a 0.8 month supply of available homes this month, a 49% decrease from the previous month.

Farmers Branch real estate information, known as MLS Area 22, 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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Farmers Branch Texas Real Estate December 2014


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