Wylie, Texas Home Values report for November 2014

Housing sales in November 2014 in Wylie grew 2%, with 65 properties sold. So far this year there have been 981 houses sold overall, which is a 10% gain from a year ago.

Cumulatively this year, new housing properties listed are at 1,254 total, which is a 6% growth from last year. This month, 66 new houses were listed in Wylie, a 19% drop from the previous month. Year-to-date there have been 1,092 listings under contract in all, which is a 8% growth from a year ago. There were 57 listed houses under contract in November 2014, which is a 15% decline from last month. The average sales price cumulatively this year increased 11% relative to the same period last year, with the average price for a house at $219,881. The average home sales price in Wylie climbed 3% in November 2014, with the average price for a house at $215,319.

This month, buyers got 97.5% of their asking price, a 0% upturn from last month. Percent of asking price received cumulatively this year rose 1% compared to the same period last year, with percent of original list price received at 97.7%. Year-to-date, homes spent about 39 days in the market until sold., which is a 8% dip relative to the same month last year. The days on market until sale was about 53 days, a 6% increase from last month. In November of this year there was a 1.4 month supply of houses on the market. The month supply of homes in Wylie declined 23%.

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 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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Wylie Texas Real Estate  November 2014


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