Saturday, January 12, 2013

November Sales Statistics for Dallas Area Homes.



This 3/2/2 home at 6541 Patrick has numerous updates and is located in the
well-regarded Lakewood Elementary School District. Contact Troy Corman at 214.690.9682 for details.

Below are the Dallas area home sales statistics year-to-date through November 2012. What jumps out are the low inventory levels of homes for sale that are creating scarcity for home buyers, and thus boosting home prices in most Dallas area neighborhoods. Most real estate experts claim six months of home inventory is considered a healthy, balanced market. Any levels below that six month threshold are considered a seller's market. As you can see, most areas below are well below the six month inventory level.

Statistics are courtesy of the Real Estate Center for NTREIS (North Texas Real Estate Information System). If you're neighborhood or area is not covered, contact me for a free, over the internet, no-obligation custom report at 214-690-9682. I'd be happy to help!

Cedar Hill home sales year-to-date were up 10% in November 2012 while the average sold price increased to $139,107, up 2% over 2011. Average days on market was 77 days, and there are 3.5 months of inventory.

Desoto home sales year-to-date were up 22% in November 2012 while the average sold price increased to $126,782, up 2% from 2011. Average days on market was 87 days, and there are 3.3 months of inventory.

Lancaster home sales year-to-date were up 9% in November 2012 while the average sold price increased to $79,552, up 3% over 2011. Average days on market was 75 days, and there are 2.8 months of inventory.

Mesquite home sales year-to-date were up 8% in November 2012 while the average sold price increased to $86,678, up 7% over 2011. Average days on market was 67 days, and there are 3.3 months of inventory.

Sachse and Rowlett home sales year-to-date were up 22% in November 2012 while the average sold price increased to $159,349, up 7% over 2011. Average days on market was 67 days, and there are 3.1 months of inventory.


The Colony home sales year-to-date were up 31% in November 2012 while the average sold price increased to $148,709, up 7% over 2011. Average days on market was 58 days, and there are 2.6 months of inventory.


Addison and far north Dallas home sales year-to-date were up 31% in November 2012 while the average sold price increased to $342,946, up 5% over 2011. Average days on market was 65 days, and there are 4.6 months of inventory.

North Dallas home sales year-to-date were also up 31% in November 2012 while the average sold price decreased to $716,249, down 11% from 2011. Average days on market was 90 days, and there are 6.1 months of inventory.

East Dallas home sales year-to-date were up 27% in November 2012 while the average sold price increased to $269,507, up 7% over 2011. Average days on market was 75 days, and there are 4.0 months of inventory.

North Oak Cliff home sales year-to-date were up 6% in November 2012 while the average sold price increased to $113,748, up 9% over 2011. Average days on market was 65 days, and there are 4.2 months of inventory.

South Oak Cliff home sales year-to-date were down 2% in November 2012 while the average sold price increased to $62,426, up 6% over 2011. Average days on market was 65 days, and there are 2.5 months of inventory.

North West Dallas home sales year-to-date were up 28% in November 2012 while the average sold price increased to $234,286, up 12% over 2011. Average days on market was 73 days, and there are 3.5 months of inventory.

Oak Lawn home sales year-to-date were up 43% in November 2012 while the average sold price decreased to $430,673, down 25% from 2011. Average days on market was 91 days, and there are 7.1 months of inventory.

North East Dallas home sales year-to-date were up 30% in November 2012 while the average sold price increased to $268,400, up 12% over 2011. Average days on market was 55 days, and there are 3.1 months of inventory.

Sunnyvale home sales year-to-date were down 35% in November 2012 while the average sold price increased to $300,763, up 4% from 2011. Average days on market was 76 days, and there are 5.4 months of inventory.

Plano home sales year-to-date were up 18% in November 2012 while the average sold price increased to $271,949, up 1% over 2011. Average days on market was 56 days, and there are 3.1 months of inventory.

Coppell home sales year-to-date were up 13% in November 2012 while the average sold price decreased to $310,064, down 5% from 2011. Average days on market was 56 days, and there are 2.9 months of inventory.

Richardson home sales year-to-date were up 19% in November 2012 while the average sold price increased to $179,315, up 4% over 2011. Average days on market was 56 days, and there are 2.6 months of inventory.

Garland home sales year-to-date were up 11% in November 2012 while the average sold price increased to $114,006, up 4% over 2011. Average days on market was 66 days, and there are 3.2 months of inventory.

University Park and Highland Park home sales year-to-date were up 21% in November 2012 while the average sold price decreased to $1,051,514, down 2% from 2011. Average days on market was 79 days, and there are 4.6 months of inventory.

Irving home sales year-to-date were up 14% in November 2012 while the average sold price increased to $199,906 up 8% from 2011. Average days on market was 70 days, and there are 3.9 months of inventory.

Duncanville home sales year-to-date were down 5% in November 2012 while the average sold price increased to $108,238 up 3% from 2011. Average days on market was 78 days, and there are 3.9 months of inventory.

Wylie home sales year-to-date were up 20% in November 2012 while the average sold price increased to $179,275, up 3% over 2011. Average days on market was 67 days, and there are 2.9 months of inventory.

Allen home sales year-to-date were up 15% in November 2012 while the average sold price increased to $248,438, up 1% from 2011. Average days on market was 57 days, and there are 2.6 months of inventory.

Frisco home sales and Denton county east year-to-date were up 17% in November 2012 while the average sold price increased to $303,398, up 5% over 2011. Average days on market was 58 days, and there are 2.8 months of inventory.

Prosper home sales year-to-date were up 32% in November 2012 while the average sold price increased to $331,160, flat with 2011. Average days on market was 85 days, and there are 4.2 months of inventory.

Celina home sales year-to-date were up 19% in November 2012 while the average sold price increased to $216,839, up 6% over 2011. Average days on market was 87 days, and there are 5.6 months of inventory.

Bedford home sales year-to-date were up 16% in November 2012 while the average sold price increased to $172,810, up 9% over 2011. Average days on market was 52 days, and there are 2.9 months of inventory.

Euless home sales year-to-date were up 30% in November 2012 while the average sold price increased to $162,291, up 1% over 2011. Average days on market was 55 days, and there are 2.9 months of inventory.

Hurst home sales year-to-date were up 10% in November 2012 while the average sold price increased to $151,314, up 15% over 2011. Average days on market was 60 days, and there are 3.2 months of inventory.

Colleyville home sales year-to-date were up 30% in November 2012 while the average sold price increased to $473,701, down 1% versus 2011. Average days on market was 93 days, and there are 5.4 months of inventory.

Grapevine home sales year-to-date were up 20% in November 2012 while the average sold price increased to $256,643, up 3% over 2011. Average days on market was 53 days, and there are 2.6 months of inventory.

Southlake home sales year-to-date were up 27% in November 2012 while the average sold price decreased to $589,210, down 3% from 2011. Average days on market was 73 days, and there are 4.8 months of inventory.

Keller home sales year-to-date were up 29% in November 2012 while the average sold price increased to $324,889, up 2% over 2011. Average days on market was 78 days, and there are 4.3 months of inventory.

Roanoake home sales year-to-date were down 9% in November 2012 while the average sold price decreased to $166,627, down 4% from 2011. Average days on market was 69 days, and there are 3.5 months of inventory.

Finally, the hottest residential real estate market in DFW... Trophy Club and Westlake home sales year-to-date were up 42% in November 2012 while the average sold price increased to $508,509, up 14% over 2011. Average days on market was 77 days, and there are 4.5 months of inventory.

Again, if your neighborhood or area was not covered, or if you're just curious as to what your home is worth, contact me for a free over-the-net, no obligation, custom market report at 214.690.9682.


Troy Corman is the founder of t2 Real Estate LLC, a Dallas real estate firm providing specialized knowledge with a hands-on approach. Specialties include residential real estate brokerage, land and acreage, and commercial real estate services. Contact us today at 214.827.1200 if you need to sell, buy or get your DFW property leased.