Little Elm Texas Home Values were DOWN 5% in October

Little Elm Texas Home Values were DOWN 5% in October over the same month last year with 58 homes selling this month compared to 261 sold this month last year! For the 2011, year to date, overall home sales were DOWN 1% with 772 homes sold compared to 777 homes sold last year.

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New listings were UP 10% for the same period last year with 109 homes listed as compared to 99 listed this month last year. For the year 2011, overall home listings were DOWN 9% with 1304 homes listed as compared to 1436 homes listed last year. Listings under contract were UP 13% with 69 homes listed compared to 61 homes listed this month last year. Listings under contract for all 2011 were UP 4% with 828 homes listed as compared to 797 listed for all last year.

The average sales price of homes was DOWN 3% to $160,491 as compared to $164,944 for this month last year. The overall year of 2011 average sales prices were UP 3% to $173,357 as compared to $168,160 last year. Sellers received 93.8% of their asking price this month as compared to 93.9% this month last year. The average days on the market until sold in was 103 days compared to 80 days for this month last year UP 30%.

The current supply of homes on the market was 373 homes DOWN 24% as compared to 493 homes from the same period last year. This is 4.7 month supply of homes on the market DOWN 28% as compared to 6.6 month supply from this month last year.

Register online for monthly updates in your city and your neighborhood automatically emailed to you at Little Elm Home Values.com. Search Little Elm Texas homes, Little Elm Texas foreclosures, and Little Elm Texas short sales at HomesinLittleElm.com. This service is FREE and without any obligation from DFWTeamRealty.com.

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