Prosper, Texas Home Values report for November 2014

Year-to-date there have been 571 home sales overall, which is a 4% growth relative to the same month last year. There were 45 homes sold in Prosper during November, which is a 27% decline from the previous month.

This November, the number of new listings in Prosper went up 9%, with 58 houses listed this November. New real estate listings year-to-date rose 20% compared to the same period last year, with 571 properties sold. Listed houses under contract year-to-date increased 5% relative to the same month last year, with 614 houses sold. Current listings under contract in Prosper dropped 27% in November 2014, with 32 houses currently listed under contract this November. Year-to-date, home sales grew 11% relative to the same month last year, the average price for a house being $406,533. This month, the average sales price was approximately $408,006, a 0% gain from the previous month.

So far this year, the percent of asking price received rose 0% relative to the same month last year, with percent of asking price received at 96.4%. The number of percent of asking price received in Prosper grew 0%, with percent of original list price received at 95.1%. Days on market until sale year-to-date climbed 12% relative to the same period last year, at 68 number of days on market until sale. The number of days on market until sale in Prosper went up 7% during November, at 74 number of days on market until sale. This November there was a 4.3 month supply of homes. The month supply of homes in Prosper grew 51%.

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 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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Prosper Texas Real Estate November 2014

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