Addison Texas Real Estate Sales were down 5% in December 2011 over the same month last year with 78 homes selling this month! For the year to date, overall home sales were at 1,092 homes sold, a 4% change from last year. Addison Texas real estate total dollar volume of homes sold this month was $19,437,453 which is a 16% change from this month last year. For the year to date, the total dollar sales were at $272,415,000, a 5% change.
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New Addison Texas real estate listings experienced a -5% change for the same period last year with 101 homes listed this month. For the year to date, overall home listings underwent a -12% change with 2,192 homes listed this year. Listings pending sales this month underwent a -8% change, with 61 homes contracted. Listings under contract for the year to date experienced a -3% change, with 1,103 homes under contract for this month.
The average sales price of a home in Addison was $258,554, a 1% change from this month last year. Overall, for 2011, the average sales price was $279,394 a 3% change. Sellers received 90% of their asking price this month, which is a 1% change from last year. For year to date, sellers received 91% of their asking price, which is a -1% change. This month, homes spent an average of 121 days on the market until sold, which was a 4% change from last year. For the year to date, the average number of days on the market was 107, an overall change of 8%.
The current supply of active listings on the market this month was 505 homes. This is a change of -28% from the same month last year. For the year to date, the supply of active listings on the market was 481, a -9% change. This month there was a 5.5 month supply of homes on the market; this was a -26% change from last year. For the year to date, there was a 7 month supply of homes on the market, which is a -12% change from the same period last year. The average price per square foot was $107 this month; a -2% change from last year. For the year to date, the average price per square foot was $113, a change of -1%. Addison real estate is known as area 10 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.
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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