Flower Mound, Texas home sales gain 24% during December
So far this year there have been 4,577 homes sold, which is a 5% increase relative to the same period last year. In Flower Mound, 308 houses sold during December, which is a 24% rise from the previous month.
In December of this year, 263 new properties were listed in Flower Mound, which is a 11% rise from a month ago. So far this year, new home properties listed have reached 5,982 total. New real estate listings year-to-date rose 5% compared to the same period last year. Listed homes under contract in total for this year rose 7% relative to the same month last year, with 4,909 properties sold. Listed houses under contract in Flower Mound climbed 22% during December, with 273 homes currently listed under contract. So far this year, housing sales climbed 11% compared to the same month last year, the average sales price being $311,888. This December, the average home sales price was approximately $346,322, which is a 20% increase from last month.
The percentage of asking price received in Flower Mound gained 0% during December, with buyers receiving 97% of their listed price. On average year-to-date, buyers sold their houses for 98% of their list price, which is a 1% gain from last year. On average, houses spent 44 days in the market until sold, a 11% drop from last month. Year-to-date, homes sold decreased 10% relative to the same month last year, at 35 days on market until sale. The market inventory of available homes in December of this year in Flower Mound declined 4%, with the current supply of active listings on the market at 643 homes. The month supply of homes in Flower Mound fell 8%, with a 1.6 month supply of houses.
Flower Mound is one of many regions analyzed by the North Texas Real Estate Information System. The MLS Area for Flower Mound is 31. There are 13 counties and two major metropolitan areas in The DFW metroplex -
Dallas-Plano-Irving and Fort Worth – which cover over 9,000 square miles. The Dallas Fort-Worth metroplex is sixth largest by Gross Metropolitan Product in the United States, and is about tenth largest by GMP in the world. DFW is the most populous metropolitan area in Texas and in the South. It ranks fourth in the United States and tenth in the Americas.
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By Bob Baesmann
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