Denton Texas Real Estate Sales were down 7% in November over the same month last year with 38 homes selling this month compared to 41 sold this month last year! For the year to date, overall home sales were down 4% with 566 homes sold compared to 578 homes sold last year.
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New listings in were down 21% for the same period last year with 49 homes listed as compared to 62 listed this month last year. For the year to date, overall home listings were down 13% with 862 homes listed as compared to 996 homes listed last year. Listings under contract were up 2% with 42 homes listed compared to 41 homes listed this month last year. Listings under contract for the year to date were down 2% with 568 homes listed as compared to 578 listed for all last year.
The average sales price of homes was up 8% to $121,349 as compared to $112,930 for this month last year. For the overall year, average sales prices were up 1% to $126,599 as compared to $127,250 last year. Sellers received 92.4% of their asking price this month as compared to 91.5% this month last year. For the overall year to date sellers received 93.2% of their asking as compared to 94.2% last year a -1.1% change from last year. The average days on the market until sold was 105 days compared to 97 days for this month last year up 8%. For the overall year to date, the average days on the market was 97 days compared to 80 days last year a 22% change.
The current supply of homes on the market was 185 homes, down 25% as compared to 248 homes from the same period last year. This is 3.9 month supply of homes on the market down 24% as compared to 5.1 month supply from this month last year.
Denton real estate sales is known as multiple listing service (MLS) area 31 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 Denton real estate sales as well as Denton foreclosures, Denton short sales, and homes in Denton. Enter brief data about Denton homes or neighborhood you want to research and receive real-time market reports. Find information on what is listed, what has been sold, the average days on the market, and an in-depth report about all the homes in your area. Updated real estate market data is emailed to you monthly! This service works for Denton home values, real estate information, and all areas of the DFW metroplex. Please visit our website at DFWTeamRealty.com for the latest information on Denton homes by price range and community. Search Denton Real Estate at Homes in DFW
The DFW Metroplex is also known as Dallas Fort Worth Arlington Metropolitan Statistical Area, a title designated by the U.S. Census which encompasses 12 counties within the U.S. state of Texas. The area is divided into two metropolitan divisions: Dallas Plano Irving and Fort Worth Arlington and is comprised of over 70 area 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 U.S. states of Rhode Island and Connecticut combined. It is also 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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