Wylie, Texas Home Values report for December 2014

Home sales so far this year grew 11% compared to the same month last year, with 1,050 properties sold so far this year. In Wylie, 69 homes sold this month, a 15% gain from last month.

New housing listings in Wylie rose 14% this December, with 65 homes listed this December. Overall this year, new homes listed have reached 1,319 total. So far this year, housing sales went up 7% relative to the same month last year. The number of listed homes under contract in Wylie rose 8%, with 65 houses currently listed under contract. Overall this year, houses sold rose 8% relative to the same month last year, with 1,156 properties sold so far this year. This December, the average selling price was approximately $223,009, a 5% growth from a month ago. The average price for a home was approximately $220,116 so far this year, which is a 10% gain from a year ago.

The average percentage of original list prices received year-to-date is 98%, which is a 1% gain from a year ago. The percentage of asking price received by buyers during December went up 0%, with buyers receiving 96% of their original price. Days on market until sale so far this year dropped 8% compared to the same period last year, at 40 days on market until sale. This month, properties spent approximately 51 days in the market until sold, a 3% increase from a month ago. In December of this year, the market supply of homes was 116 houses. The current supply of active listings on the market in December 2014 in Wylie dropped 21%. The month supply of available homes in Wylie decreased 28%, with a 1.2 month supply of available homes on the market.

Wylie real estate information, known as MLS Area 50, 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 December 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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Wylie Texas Real Estate December 2014

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