Prosper, Texas Home Values report for December 2014

Overall this year, homes sold are at 625, which is a 4% surge from last year. This December, Prosper housing sales went down 11%, with 54 properties sold.

Year-to-date new listings have reached 895 overall. Year-to-date, homes sold rose 18% relative to the same month last year. This December, 46 new houses were listed in Prosper. New housing properties listed this month in Prosper declined 10%. There were 53 listed houses under contract in December of this year, which is a 89% rise from a month ago. So far this year there have been 667 listed homes under contract overall, which is a 9% rise from a year ago. The average price for a home so far this year increased 11% relative to the same month last year, with the average price for a house at $407,289. The average sales price in Prosper climbed 5% this month .

The percentage of original list prices received by buyers in Prosper grew 0% in December 2014, with buyers receiving 95% of their listed price. Percentage of asking price received overall this year grew 0% compared to the same month last year, with percentage of original list prices received at 96%. The days on market until sale in Prosper grew 23%, at 86 days on market until sale. Overall this year, homes sold grew 13% relative to the same period last year, at 69 days on market until sale. This month, the current supply of active listings on the market for properties in Prosper was 193 properties. The market supply of homes in Prosper increased 30%. During December there was a 3.6 month supply of homes on the market. The month supply of homes in Prosper gained 26% in December of this year.

Prosper real estate information, known as MLS Area 59, 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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Prosper Texas Real Estate December 2014

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