The Colony Texas Real Estate Sales down 8% in November 2011

The Colony Texas Real Estate Sales were down 8% in November 2011 over the same month last year with 24 homes selling this month! For the year to date, overall home sales were at 380 homes sold, a -8% change from last year. The Colony Texas Real Estate total dollar volume of homes sold this month was $3,162,328 which is a -7% change from this month last year. For the 2011 year to date, the total dollar sales were at $52,862,996, which is a -8% change.

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New The Colony Texas Real Estate listings experienced a -34% change for the same period last year with 39 homes listed this month. For the year to date, overall home listings underwent a -14% change with 657 homes listed this year. Listings pending sales this month underwent a 32% change, with 29 homes contracted. Listings under contract for the year to date experienced a -5% change, with 392 homes under contract for this month.

The median sales price of The Colony Texas Real Estate was $111,000 a -11% change from this month last year. Overall, for the year, the median sales price was $130,000 a -2% change. Sellers received 97% of their asking price this month, which is a 0% change from last year. For the year to date, sellers received 97% of their asking price, which is a 0% change. This month, homes spent an average of 63 days on the market until sold, which was a -16% change from last year. For the year to date, the average number of days on the market was 73, an overall change of 33%.

The current supply of active listings on the market this month was 129 homes. This is a change of -35% from the same month last year. For the year to date, the supply of active listings on the market was 170, which is a 1% change. This month there was a 4. months’ supply of homes on the market; this was a -28% change from last year. For the year to date, there was a 5.3 months’ supply of homes on the market, which is a 11% change from the same period last year. The average price per square foot was $64 this month; a -8% change from last year. For the year to date, the average price per square foot was $72, a change of -2%

The Colony Real Estate sales is known as Multiple Listing Service (MLS) area 9 in the North Texas Real Estate Information System. Information is believed reliable but is only as accurate as reported by the system in the month of November 2011. DFW Team Realty provides month reports on The Colony Real Estate Sales as well as The Colony Foreclosures, The Colony Short Sales, and Homes in The Colony. Please visit our website at DFWTeamRealty.com for the latest information on The Colony homes by price range and community. Search The Colony Real Estate at Homes in DFW

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