Irving, Texas Home Values report for November 2015

So far this year, houses sold have reached 1,597, which is a 5% growth relative to the same period last year. Irving home sales were at 118 homes during November, which is a 7% upturn from a month ago.

New real estate listings year-to-date climbed 6% relative to the same period last year, with 1,597 properties sold this year. New real estate listings in Irving rose 20% during November, with 152 properties listed this November. So far this year there have been 1,772 listed houses under contract in all, which is a 7% surge compared to the same period last year. Listed homes under contract this November in Irving grew 2%, with 125 houses currently listed under contract this November. So far this year, the average home sales price was about $249,286, which is a 6% rise from last year. The average selling price in Irving rose 9% .

The percentage of asking price received by buyers this month grew 0%, with buyers receiving 97% of their listed price. Percentage of asking price received so far this year grew 1% relative to the same period last year, with buyers receiving 97% of their original price. The days on market until sale in Irving dropped 7%, at 43 days on market until sale. Cumulatively this year, properties have spent about 46 days in the market until sold, which is a 10% decline relative to the same period last year. The current supply of active listings on the market was 322 homes. The current supply of active listings on the market in Irving declined 16%. There was a 2.1 month supply of houses in November of this year, a 21% dip from a month ago.

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 2015.

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 2015

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