The Colony, Texas home sales upturn 12% in December of this year

Housing sales year-to-date declined 7% compared to the same period last year, with 602 houses sold during 2015. The Colony houses sold reached 41 homes this month, which is a 12% surge from a month ago.

Year-to-date there, have been 664 new housing listings total, which is a 1% decrease from a year ago. In December 2015, 35 new properties were listed in The Colony, a 40% growth from last month. The number of listed houses under contract in The Colony rose 21%, with 34 houses currently listed under contract. Year-to-date there have been 578 listings under contract overall, which is a 3% fall compared to the same month last year. The average price for a house overall this year gained 14% compared to the same month last year, with $204,059 being the average price for a house. The average selling price in The Colony gained 34% .

The percentage of original list prices received by buyers in The Colony climbed 0% this December, with percentage of original list prices received at 99%. On average year-to-date, buyers received 100% of their original price, which is a 1% gain compared to the same month last year. Days on market until sale so far this year declined 10% compared to the same month last year, at 22 days on market until sale. On average, houses spent 27 days in the market until sold, a 23% decline from a month ago. The current supply of active listings on the market in The Colony grew 62% in December 2015, the market inventory of available homes being 47 properties. This month there was a 1.0 month supply of available homes. The month supply of houses in December of this year in The Colony climbed 74%.

MLS Area 9 is the Multiple Listing Service Access number for The Colony, as designated by the North Texas Real Estate Information System. The DFW metroplex constitutes 13 counties and two major metropolitan areas – Dallas-Plano-Irving and Fort Worth – in an area of over 9,000 square miles. The Dallas Fort-Worth area is, in terms of population, the largest metropolitan region in Texas, the largest in the South, the fourth largest in the United States and the tenth-largest in the Americas. The Gross Metropolitan Product of DFW is sixth largest in the United States and approximately tenth largest in the world.

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The Colony Texas Real Estate December 2015

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