Farmers Branch Texas Real Estate Sales up 9% in November 2011

Farmers Branch Texas Real Estate Sales were up 9% in November 2011 over the same month last year with 94 homes selling this month! For the year to date, overall home sales were at 1,368 homes sold, a 3% change from last year. Farmers Branch Texas Real Estate total dollar volume of homes sold this month was $17,650,314 which is a 22% change from this month last year. For the 2011 year to date, the total dollar sales were at $239,281,008, which is a -5% change.

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New Farmers Branch Texas Real Estate listings experienced a -30% change for the same period last year with 133 homes listed this month. For the year to date, overall home listings underwent a -14% change with 2,319 homes listed this year. Listings pending sales this month underwent a 24% change, with 94 homes contracted. Listings under contract for the year to date experienced a -6% change, with 1,438 homes under contract for this month.

The median sales price of Farmers Branch Texas Real Estate was $150,750 a 1% change from this month last year. Overall, for the year, the median sales price was $158,000 a -4% change. Sellers received 96% of their asking price this month, which is a 0% change from last year. For the year to date, sellers received 96% of their asking price, which is a 0% change. This month, homes spent an average of 81 days on the market until sold, which was a 7% change from last year. For the year to date, the average number of days on the market was 80, an overall change of 18%.

The current supply of active listings on the market this month was 484 homes. This is a change of -27% from the same month last year. For the year to date, the supply of active listings on the market was 606, which is a -6% change. This month there was a 4.3 months’ supply of homes on the market; this was a -29% change from last year. For the year to date, there was a 5.4 months’ supply of homes on the market, which is a -8% change from the same period last year. The average price per square foot was $84 this month; a -2% change from last year. For the year to date, the average price per square foot was $85, a change of -6%

Farmers Branch Real Estate sales is known as Multiple Listing Service (MLS) area 22 in the North Texas Real Estate Information System. Information is believed reliable but is only as accurate as reported by the system in the month of November 2011. DFW Team Realty provides month reports on Farmers Branch Real Estate Sales as well as Farmers Branch Foreclosures, Farmers Branch Short Sales, and Homes in Farmers Branch. Please visit our website at DFWTeamRealty.com for the latest information on Farmers Branch homes by price range and community. Search Farmers Branch Real Estate at Homes in DFW

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