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Coppell Market Overview May 2010
During May 2010 there were 59 sales closed in the Coppell market area. This is an 11% decrease from 2009. The average price of the homes sold was $347,458 and this us up 19% over May 2009. The median price of the homes sold was $285,000 and this is up 12% over 2009. The average price of the homes sold was $121/sqft and this is up 5% over last year. On aveage homes sold at 97% of the list price and this is down 1% over 2009. For the homes that sold 75% were sold by a broker other than the listing broker. This is down 12% over 2009. Average days on market was 49 and this is up 9% over last year. In May 2010 in the Coppell market area there were 30 Pending Sales, 63 New Listings, and 196 homes on the market. There were 4.9 months of inventory. The number of listings on the market is up 13% over May 2009 and the months inventory is up 14% over May 2009. The source of this information is Real Estate Center at Texas A&M for NTREIS. All information is deemed accurate, but should be used for guidelines and general information only. These are general statistics and they can vary widely based on the price range of an individual home. For example we are seeing significant price reductions taken between list and sales price on homes over $500,000 and much longer times on market in this price range. For specific information on your home and neighborhood please contact Bruce Lynn at rb@teamlynn.com or give me a call at 214-675-6992.
Lowest Priced Homes for Sale in Coppell June 2010
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