Mesquite, Texas Home Values report for December 2014

Mesquite home sales dropped 15% this month, with 100 properties sold. So far this year there have been 1,459 houses sold in all, which is a 0% surge relative to the same period last year.

In December of this year, the number of new housing listings in Mesquite increased 1%, with 93 houses listed this month. Year-to-date new listings are at 1,714 total, which is a 1% gain from a year ago. There were 92 listed houses under contract in December 2014, a 8% growth from the previous month. Listings under contract so far this year rose 4% relative to the same period last year, with 1,499 houses sold. The average home sales price year-to-date climbed 14% relative to the same month last year, with $114,933 being the average price for a house. This December, the average selling price for homes in Mesquite was about $113,900, a 13% rise from a month ago.

Buyers received 97% of their original price on average overall this year, which is a 1% surge from last year. The percentage of asking price received by buyers in Mesquite went up 0% in December 2014, with buyers receiving 97% of their listed price. Year-to-date, houses sold declined 15% compared to the same month last year, at 44 days on market until sale. The days on market until sale this December in Mesquite dipped 10%, at 47 days on market until sale. The current supply of active listings on the market was 157 properties, a 42% dip from a month ago.There was a 1.3 month supply of homes this month, which is a 42% dip from the previous month.

Mesquite real estate information, known as MLS Area 5, 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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Mesquite Texas Real Estate December 2014

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