Richardson, Texas Home Values report for November 2014

Year-to-date, home sales have reached 1,356 in all, which is a 9% fall from last year. Home sales this November in Richardson decreased 36%, with 109 properties sold this month.

New listings cumulatively this year decreased 10% compared to the same period last year, with 1,356 properties sold. There were 91 new home properties listed in November of this year, a 17% decrease from last month. Year-to-date, houses sold decreased 9% relative to the same month last year, with 1,280 homes sold during 2014. Listed houses under contract in Richardson went down 35% this November, with 79 houses currently listed under contract. In November of this year, the average sales price was approximately $186,040, which is a 4% increase from the previous month. The average price for a house cumulatively this year went up 10% relative to the same period last year, the average home sales price being $199,455.

Buyers received 96.5% of their asking price in November 2014, which is a 0% increase from the previous month. Buyers got 97.2% of their list price so far this year, which is a 1% gain from a year ago. The days on market until sale during November in Richardson grew 25%, at 49 days on market until sale. So far this year, houses spent about 37 days in the market until sold., which is a 1% gain compared to the same period last year. There was a 1.5 month supply of available homes during November. The month supply of available homes this month in Richardson went down 15%.

Richardson real estate information, known as MLS Area 23:, 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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Richardson Texas Real  Estate November 2014

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