Little Elm Real Estate Sales up 43% in November

Little Elm Real Estate Sales were up 43% in November over the same month last year with 80 homes selling this month compared to 56 sold this month last year! For the 2011 year to date, overall home sales were up 3% with 855 homes sold compared to 833 homes sold last year.

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New listings were down 27% for the same period last year with 77 homes listed as compared to 105 listed this month last year. For the year 2011, overall home listings were down 10% with 1,382 homes listed as compared to 1,541 homes listed last year. Listings under contract were up 7% with 65 homes listed compared to 61 homes listed this month last year. Listings under contract for all 2011 were up 5% with 901 homes listed as compared to 858 listed for all last year.

The median sales price of homes was down 3% to $150,750 as compared to $155,000 for this month last year. The overall year 2011 median sales prices were up 1% to $150,000 as compared to $148,000 last year. Sellers received 95.4% of their asking price this month as compared to 92.7% this month last year. For the overall year of 2011 sellers received 93.4% of their asking as compared to 94.8% last year which is a -1.5% change. The average days on the market until sold went down 8% at 81 days compared to 88 days for this month last year. For the overall year, the average days on the market was 100 compared to 74 days last year, which is a 35% change.

The current supply of homes on the market was 345 homes, down 27% compared to 276 homes from the same period last year. There is a 4.3 month supply of homes on the market, down 32% as compared to a 6.4 month supply from this month last year.

Real Estate in Little Elm is known as Multiple Listing Service (MLS) area 31 in the North Texas Real Estate Information System. Information is believed reliable but is only as accurate as reported by the system in the month of November 2011. DFW Team Realty provides monthly reports on Little Elm Real Estate Sales as well as Little Elm Foreclosures, Little Elm Short Sales, and Homes in Little Elm. Enter brief data about the neighborhood you want to research and receive real-time market reports. Find information on what is listed, what has been sold, the average days on the market, and an in-depth report about all the homes in your area. Updated real estate market data is emailed to you monthly! This service provides Little Elm Home Values, real estate information, and home values for all areas of the DFW metroplex. Please visit our website at DFWTeamRealty.com for the latest information on Little Elm homes by price range and community. Search Little Elm Real Estate at Homes in DFW

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