Little Elm, Texas Home Values report for December 2014

Year-to-date there have been 1,585 home sales, which is a 13% gain compared to the same period last year. In Little Elm, 113 properties sold this month, a 43% growth from the previous month.

There were 108 new listings in December 2014, a 24% upturn from last month. So far this year there, have been 2,118 new real estate listings overall, which is a 11% increase compared to the same period last year. So far this year, home sales went up 17% compared to the same period last year, with 1,829 homes sold. This month, there were 116 homes currently listed in Little Elm, a 53% upturn from last month. This December, the average price for a house was about $261,154, which is a 32% growth from last month. The average home sales price cumulatively this year grew 14% compared to the same month last year, with $236,767 being the average home sales price.

Buyers received 97% of their original price during December, which is a 0% increase from last month. On average year-to-date, buyers received 98% of their original price, which is a 0% increase from a year ago. So far this year, housing sales grew 7% relative to the same month last year, at 48 days on market until sale. The days on market until sale during December in Little Elm grew 19%, at 59 days on market until sale. During December, the current supply of active listings on the market was 250 properties, which is a 5% dip from a month ago.This December there was a 1.7 month supply of available homes on the market, which is a 15% decline from the previous month.

Little Elm real estate information, known as MLS Area 31, 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 December 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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Little Elm Texas Real Estate December 2014

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