Little Elm Tx Real Estate Sales Rocket Up 43n November 2011

Little Elm Tx Real Estate Sales Rocket Up 43% In November 2011

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Little Elm real estate sales were up 43% in November 2011 over the same month last year with 80 homes selling this month compared to 56 sold this month last year! For the 2011 year to date, overall home sales were up 3% with 855 homes sold compared to 833 homes sold last year.

New listings were down 27% for the same period last year with 77 homes listed as compared to 105 listed this month last year. For the year 2011, overall home listings were down 10% with 1,382 homes listed as compared to 1,541 homes listed last year. Listings under contract were up 7% with 65 homes listed compared to 61 homes listed this month last year. Listings under contract for all 2011 were up 5% with 901 homes listed as compared to 858 listed for all last year.

The median sales price of homes was down 3% to $150,750 as compared to $155,000 for this month last year. The overall year 2011 median sales prices were up 1% to $150,000 as compared to $148,000 last year. Sellers received 95.4% of their asking price this month as compared to 92.7% this month last year. For the overall year of 2011 sellers received 93.4% of their asking as compared to 94.8% last year which is a -1.5% change. The average days on the market until sold went down 8% at 81 days compared to 88 days for this month last year. For the overall year, the average days on the market was 100 compared to 74 days last year, which is a 35% change.

The current supply of homes on the market was 345 homes, down 27% compared to 276 homes from the same period last year. There is a 4.3 month supply of homes on the market, down 32% as compared to a 6.4 month supply from this month last year.

Real Estate in Little Elm 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.
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 100 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.

About the Author:
Bob Baesmann of DFW Team Realty provides updates in your city and your neighbourhood at Little Elm Real Estate. Search Little Elm Texas homes, Little Elm Texas foreclosures, and Little Elm Texas short sales at Homes in DFW.



Article Originally Published On: http://www.articlesnatch.com


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