Irving, Texas Home Values report for November 2014

In November 2014, there were 108 homes sold in Irving, a 2% gain from the previous month. Homes sold so far this year rose 0% relative to the same month last year, with 1,588 properties sold this year.

In November 2014, 127 new homes were listed in Irving. New housing properties listed this month in Irving fell 12%. Year-to-date, new houses listed have reached 2,084 overall. New housing properties listed so far this year declined 4% relative to the same period last year. There were 129 listings under contract during November, a 15% surge from a month ago. So far this year, current listings under contract are at 1,660 total, which is a 3% growth compared to the same period last year. The average price for a house in Irving went up 13% in November of this year, the average home sales price being $225,711. The average price for a house was about $236,435 year-to-date, which is a 6% upturn from last year.

Cumulatively this year, buyers received 96.3% of their listed price, which is a 1% surge from last year. During November, buyers got 96.7% of their asking price, which is a 0% growth from a month ago. Year-to-date, homes sold went down 3% relative to the same period last year, at 54 number of days on market until sale. The number of days on market until sale in Irving rose 9%, at 55 number of days on market until sale. There was a 2.4 month supply of houses in November 2014. The month supply of available homes in Irving went down 24% in November of this year.

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 November 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  November 2014

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