Prosper, Texas Home Values report for November 2015

Home sales this November in Prosper grew 38%, with 34 homes sold. Houses sold in total for this year gained 26% compared to the same period last year, with 602 houses sold this year.

In November 2015, the number of new homes listed in Prosper declined 14%, with 50 homes listed in November of this year. Year-to-date there, have been 1,004 new home properties listed total, which is a 18% growth compared to the same month last year. So far this year, current listings under contract are at 798 total, which is a 30% gain from last year. During November, there were 49 properties currently listed in Prosper, which is a 49% gain from a month ago. The average price for a house was approximately $416,238 in November of this year, a 1% surge from a month ago. The average price for a home was approximately $442,214 overall this year, which is a 9% growth from a year ago.

Buyers received 96% of their list price on average in total for this year, which is a 0% upturn compared to the same period last year. The percentage of asking price received by buyers in November 2015 went up 0%, with buyers receiving 96% of their asking price. The days on market until sale was approximately 63 days, which is a 8% fall from the previous month. So far this year, homes spent approximately 68 days in the market until sold., which is a 5% increase relative to the same month last year. The current supply of active listings on the market in Prosper declined 16% in November of this year, with 202 being the current supply of active listings on the market. The month supply of homes this month in Prosper decreased 32%, with a 3.0 month supply of available homes on the market.

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 2015.

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 2015


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