Sachse Texas Home Values were UP 76% in October

Sachse Texas Home Values were UP 76% in October over the same month last year with 58 homes selling this month compared to 33 sold this month last year! For the 2011, year to date, overall home sales were DOWN 2% with 628 homes sold compared to 644 homes sold last year.

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New listings were DOWN 7% for the same period last year with 97 homes listed as compared to 104 listed this month last year. For the year 2011, overall home listings were DOWN 14% with 1,102 homes listed as compared to 1,287 homes listed last year. Listings under contract were UP 48% with 74 homes contracted compared to 50 homes contracted this month last year. Listings under contract for all 2011 were UP 5% with 682 homes contracted as compared to 649 contracted for all last year.

The average sales price of homes was DOWN 3%% to $148,165 as compared to $152,514 for this month last year. The overall year of 2011 average sales prices were DOWN 4% to $147,275 as compared to $152,821 last year. Sellers received 92.5% of their asking price this month as compared to 94.6% this month last year. The average days on the market until sold in was 103 days compared to 71 days for this month last year UP 45%.

The current supply of homes on the market was 327 homes DOWN 29% as compared to 463 homes from the same period last year. This is 5.1 month supply of homes on the market DOWN 32% as compared to 7.4 month supply from this month last year.

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