Little Elm, Texas Home Values report for November 2014

Houses sold this month in Little Elm climbed 11%, with 102 homes sold in November 2014. So far this year, housing sales went up 10% compared to the same period last year, with 1,472 properties sold.

New listings year-to-date gained 10% relative to the same month last year, with 1,472 houses sold. This November, 141 new houses were listed in Little Elm. New real estate listings this month in Little Elm grew 18%. There were 137 listed houses under contract this month, a 25% increase from last month. So far this year there have been 1,710 listings under contract total, which is a 15% surge relative to the same period last year. The average price for a home cumulatively this year climbed 12% relative to the same month last year, with $234,507 being the average selling price. The average price for a home in Little Elm grew 1%, with $232,691 being the average price for a house.

The percent of original list price received by buyers in Little Elm went up 0% this month, with buyers receiving 97.2%of their original price. Percent of original list price received so far this year increased 0% compared to the same period last year, with percent of asking price received at 97.6%. On average, properties spent 56 days in the market until sold, which is a 4% increase from a month ago. Days on market until sale so far this year climbed 5% relative to the same month last year, at 47 days on market until sale. This November, the current supply of active listings on the market for houses in Little Elm was 292 houses. The current supply of active listings on the market in Little Elm gained 5%. The month supply of houses in Little Elm decreased 5%, with a 2.0 month supply of homes.

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 November 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 November 2014

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