Farmers Branch Texas Real Estate Sales were up 24% in December 2011 over the same month last year with 118 homes selling this month! For the year to date, overall home sales were at 1,494 homes sold, a 5% change from last year. Farmers Branch Texas real estate total dollar volume of homes sold this month was $22,386,360 which is a 39% change from this month last year. For the year to date, the total dollar sales were at $261,349,659, a -2% change.
Register online to have monthly updates on your city and neighborhood automatically emailed to you from Farmers Branch Real Estate. Search Farmers Branch Texas homes, Farmers Branch Texas foreclosures, and Farmers Branch Texas short sales and find Homes in Farmers Branch. Research current Farmers Branch home values at DFW Home Values Report.com. This service is FREE and available without any obligation from DFWTeamRealty.com.
New Farmers Branch Texas real estate listings experienced a -24% change for the same period last year with 118 homes listed this month. For the year to date, overall home listings underwent a -15% change with 2,438 homes listed this year. Listings pending sales this month underwent a 15% change, with 94 homes contracted. Listings under contract for the year to date experienced an 8% change, with 1,543 homes under contract for this month.
The average sales price of a home in Farmers Branch was $183,665, a -1% change from this month last year. Overall, for the year to date, the average sales price was $183,209, a -8% change. Sellers received 91% of their asking price this month, which is a -1% change from last year. For year to date, sellers received 92% of their asking price, which is a -2% change. This month, homes spent an average of 107 days on the market until sold, which was a 8% change from last year. For the year to date, the average number of days on the market was 99, an overall change of 18%.
The current supply of active listings on the market this month was 476 homes. This is a change of -36% from the same month last year. For the year to date, the supply of active listings on the market was 592, a -8% change. This month there was a 3.7 month supply of homes on the market; this was a -41% change from last year. For the year to date, there was a 3 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 $85 this month; a 0% change from last year. For the year to date, the average price per square foot was $85, a change of -6%. Farmers Branch real estate is known as area 22 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.
