Irving, Texas Home Values report for December 2014

Houses sold year-to-date grew 2% relative to the same period last year, with 1,712 homes sold this year. In December of this year, Irving housing sales grew 19%, with 124 homes sold in December 2014.

New housing properties listed year-to-date grew 4% compared to the same period last year, with 1,712 homes sold. New listings in Irving climbed 13% this December, with 110 properties listed in December 2014. Overall this year there have been 1,759 current listings under contract overall, which is a 3% surge from last year. Listings under contract in Irving went up 17% during December, with 108 homes currently listed under contract this month. The average home sales price year-to-date grew 8% relative to the same month last year, with $240,008 being the average price for a house. In December of this year, the average price for a house was about $279,463, which is a 28% increase from the previous month.

Percentage of asking price received in total for this year went up 0% relative to the same period last year, with percentage of original list prices received at 96%. The percentage of asking price received by buyers in Irving climbed 0% in December 2014, with buyers receiving 95% of their original price. This December, homes spent approximately 78 days in the market until sold, a 43% growth from a month ago. Cumulatively this year, the number of days on market until sale was about 56 days, which is a 1% increase from last year. The market supply of homes was 301 homes, a 24% decline from a month ago.There was a 2.1 month supply of houses in December of this year, a 26% drop from the previous month.

Irving real estate information, known as MLS Area 54, 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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Irving Texas Real Estate December 2014

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