Denton Texas Real Estate Sales were down 7% in February2012

By
Real Estate Broker/Owner with DFW Team Realty

Denton Texas Real Estate Sales were down 7% in February2012 over the same month last year with 28 homes selling this month compared to 33 sold this month last year! For the 2012, year to date, overall home sales were up 5% with 66 homes sold compared to 33 homes sold last year.

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New listings in were down 20% for the same period last year with 43 homes listed as compared to 72 listed this month last year. For the year 2012, overall home listings were down 20% with 101 homes listed as compared to 72 homes listed last year. Listings under contract were up 24% with 47 homes listed compared to 36 homes listed this month last year. Listings under contract for all 2012 were up 12% with 83 homes listed as compared to 36 listed for all last year.

The average sales price of homes changed 1% to $117,200 as compared to $120,663 for this month last year. The overall year of 2012 average sales prices were up 3% to $123,512 as compared to $120,663 last year. Sellers received 94% of their asking price this month as compared to 91% this month last year. For the overall year of 2012 sellers received 94% of their asking price as compared to 91% last year a 2% change from last year. The average days on the market until sold was 85 days compared to 109 days for this month last year a -31% change. For the overall year of 2012 the average days on the market was 83 days compared to 109 days last year a -28% change.

The current supply of homes on the market was 157 homes, down 40% as compared to 262 homes from the same period last year. This is 3.3 month supply of homes on the market down 40% as compared to 5.4 month supply from this month last year.

Denton real estate sales is known as multiple listing service (MLS) area 31 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 November 2011. DFW Team Realty provides month reports on Denton real estate sales as well as Denton foreclosures, Denton short sales, and homes in Denton. Enter brief data about Denton homes or neighborhood you want to research and receive real-time market reports. Find information on what is listed, what has been sold, the average days on the market, and an in-depth report about all the homes in your area. Updated real estate market data is emailed to you monthly! This service works for Denton home values, real estate information, and all areas of the DFW metroplex. Please visit our website at DFWTeamRealty.com for the latest information on Denton homes by price range and community. Search Denton Real Estate at Homes in DFW

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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