The Colony, Texas Home Values report for November 2014

Home sales in The Colony declined 35% in November of this year, with 55 homes sold this November. So far this year, housing sales fell 7% relative to the same period last year, with 592 homes sold this year.

There were 25 new real estate listings this November. During November, the number of new houses listed in The Colony went down 48%. New housing listings so far this year fell 4% relative to the same period last year, with 592 houses sold. This month, there were 40 properties currently listed in The Colony, a 11% dip from a month ago. Listed houses under contract so far this year went down 3% relative to the same period last year, with 573 homes sold. The average selling price was approximately $168,286 in November of this year, which is a 9% surge from the previous month. The average price for a home was approximately $180,547 cumulatively this year, which is a 15% upturn from last year.

Buyers sold their houses for 99.3% of their list price year-to-date, which is a 1% rise relative to the same period last year. The percent of asking price received by buyers in November of this year rose 0%, with percent of asking price received at 96.9%. Year-to-date, housing sales declined 17% compared to the same month last year, at 25 days on market until sale. This month, houses spent about 31 days in the market until sold, a 7% decrease from a month ago. In November 2014 there was a 0.6 month supply of available homes, a 39% decrease from a month ago.

The Colony real estate information, known as MLS Area 9:, 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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The Colony Texas Real  Estate November 2014

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