Mesquite, Texas Home Values report for November 2014

Houses sold cumulatively this year grew 1% relative to the same period last year, with 1,359 homes sold this year. Housing sales in Mesquite fell 2% this November, with 99 properties sold.

So far this year there have been 1,619 new real estate listings total, which is a 1% increase from last year. During November, 97 new houses were listed in Mesquite. New housing properties listed in November of this year in Mesquite went down 23%. Year-to-date, listed homes under contract are at 1,422 in all, which is a 5% surge from last year. The number of listed homes under contract in Mesquite went up 11%, with 102 properties currently listed under contract this month. The average home sales price in Mesquite rose 20%, the average selling price being $120,195. Cumulatively this year, the average sales price for properties in Mesquite was about $114,999, which is a 14% increase relative to the same period last year.

Buyers got 96.6% of their list price in November of this year, a 0% gain from the previous month. Percent of asking price received cumulatively this year gained 0% compared to the same period last year, with percent of original list price received at 97.0%. The days on market until sale this November in Mesquite climbed 15%, at 53 days on market until sale. Year-to-date, homes spent approximately 43 days in the market until sold., which is a 15% drop compared to the same month last year. The market supply of homes in Mesquite dipped 44% this month, with 160 being the market inventory of available homes. There was a 1.3 month supply of homes during November. The month supply of houses in Mesquite dipped 45% in November 2014.

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 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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Mesquite Texas Real  Estate November 2014

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