Irving, Texas home sales decline 18% this month

This year, houses sold are at 1,758 total, which is a 3% gain from a year ago. There were 161 houses sold in Irving this December, which is a 18% fall from a month ago.

This month, 122 new properties were listed in Irving. New homes listed in Irving went up 9% in December of this year. So far this year, new houses listed have reached 2,328 in all, which is a 6% rise from a year ago. Current listings under contract year-to-date went up 7% relative to the same period last year, with 1,879 properties sold during 2015. Irving listed homes under contract were at 119 properties this month, a 19% upturn from a month ago. So far this year, houses sold increased 5% relative to the same month last year, with the average selling price at $252,928. This month, the average price for a home for homes in Irving was approximately $298,889, which is a 5% surge from the previous month.

Percentage of asking price received in total for this year gained 1% relative to the same period last year, with buyers receiving 97% of their listed price. Buyers sold their houses for 97% of their original price in December of this year, a 0% rise from last month. The days on market until sale this month in Irving decreased 21%, at 54 days on market until sale. In total for this year, houses spent an average of 46 days in the market until sold, which is a 12% fall from last year. This month, the market supply of homes for properties in Irving was 290 properties, a 13% dip from the previous month.This December there was a 1.9 month supply of houses on the market. The month supply of available homes during December in Irving went down 16%.

Irving is one of many divisions analyzed by the North Texas Real Estate Information System. The MLS Area for Irving is 54. There are 13 counties and two major metropolitan regions in The DFW area – Dallas-Plano-Irving and Fort Worth – which span over 9,000 square miles. DFW is sixth largest by Gross Metropolitan Product in the United States, and is about tenth largest by GMP in the world. in regards to population, The Dallas Fort-Worth metroplex is the region that ranks first in Texas and in the South, and fourth in the United States.

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Irving Texas Real Estate December 2015


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