Little Elm Real Estate Sales were up 8% in December 2011

Little Elm Real Estate Sales were up 8% in December 2011< /strong> over the same month last year with 80 homes selling this month compared to 74 sold this month last year! For the year to date, overall home sales were up 3% with 938 homes sold compared to 907 homes sold last year.

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New listings were down 46% for the same period last year with 68 homes listed as compared to 127 listed this month last year. For the year to date, overall home listings were up down 13% with 1,451 homes listed as compared to 1,668 homes listed last year. Listings under contract were up 16% with 64 homes listed compared to 55 homes listed this month last year. Listings under contract for the year to date were up 6% with 967 homes listed as compared to 912 listed for all last year.

The median sales price of homes was down 12% to $133,500 as compared to $151,875 for this month last year. For the overall year to date, median sales prices were up 1% to $150,000 as compared to $148,175 last year. Sellers received 93.1% of their asking price this month as compared to 91.5% this month last year. For the overall year, sellers received 93.4% of their asking as compared to 94.5% last year a -1.2% change from last year. The average days on the market until sold in was 129 days compared to 96 days for this month last year up 34%. For the overall year, the average days on the market was 102 days compared to 76 days last year a 35% change.

The current supply of homes on the market was 299 homes down 36% as compared to 465 homes from the same period last year. This is 3.7 month supply of homes on the market down 39% as compared to 6.1 month supply from this month last year.

Little Elm real estate sales 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 December 2011. 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

The DFW Metroplex is also known as Dallas Fort Worth Arlington Metropolitan Statistical Area, a title designated by the U.S. Census which encompasses 12 counties within the U.S. state of Texas. The area is divided into two metropolitan divisions: Dallas Plano Irving and Fort Worth Arlington and is comprised of over 70 area 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 U.S. states of Rhode Island and Connecticut combined. It is also 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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