Desoto Texas Real Estate Sales were down 22% in December 2011 over the same month last year with 46 homes selling this month! For the 2011 year to date, overall home sales were at 551 homes sold, a -16% change from last year. Desoto Texas Real Estate total dollar volume of homes sold this month was $6,108,938 which is a -26% change from this month last year. For the 2011 year to date, the total dollar sales were at $68,659,008, which is a -16% change.
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New Desoto Texas Real Estate listings experienced a -40% change for the same period last year with 49 homes listed this month. For the 2011 year to date, overall home listings underwent a -14% change with 932 homes listed this year. Listings pending sales this month underwent a 0% change, with 43 homes contracted. Listings under contract for 2011 year to date experienced a -11% change, with 662 homes under contract for this month.
The average sales price of a home in this area was $132,803, a -5% change from this month last year. Overall, for 2011, the average sales price was $124,608, a 0% change. Sellers received 97% of their asking price this month, which is a 2% change from last year. For 2011 year to date, sellers received 97% of their asking price, which is a 0% change. This month, homes spent an average of 100 days on the market until sold, which was a -16% change from last year. For the 2011 year to date, the average number of days on the market was 99, an overall change of 19%.
The current supply of active listings on the market this month was 228 homes. This is a change of -18% from the same month last year. For the 2011 year to date, the supply of active listings on the market was 263, which is a -6% change. This month there was a 5. months’ supply of homes on the market; this was a -2% change from last year. For the 2011 year to date, there was a 5.7 months’ supply of homes on the market, which is a 12% change from the same period last year. The average price per square foot was $49 this month; a -15% change from last year. For the 2011 year to date, the average price per square foot was $52, a change of -4% .
Desoto Real Estate sales is known as area 2 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 December 2011. DFW Team Realty provides month reports on Desoto Real Estate Sales as well as Desoto Foreclosures, Desoto Short Sales, and Home in Desoto. Please visit our website at DFWTeamRealty.com for the latest information on Desoto homes by price range and community.
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 approximately tenth largest by GMP in the world.
Desoto Texas Real Estate Reports
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