Rowlett Home Sales For November 2016 Are Higher 1114%

Real Estate Broker/Owner with DFW Team Realty
November 2016 Real Estate Market Summary for Rowlett, TX (MLS Area 8)
  Month Year to Date
  2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 90 900.0 1114 1117 0.3  
Closed Sales (Projected) 90 101 12.4 1114 1128 1.3
Listings Under Contract 89 121 36.0 1176 1193 1.4
Average Sales Price $224,804 $247,608 10.1 $220,042 $244,867 11.3
Median Sales Price $204,700 $238,750 16.6 $204,000 $231,000 13.2
Percent of Original Price Received 96.8 97.7 1.0 98.3 98.9 0.6
Days on Market Until Sale 34 30 -11.9 33 31 -6.8
Inventory of Homes for Sale 169 155 -8.3      
Months Supply of Inventory 1.7 1.5 -10.8      

There was a gain of 1114% in homes sold in November 2016 from the same period 2015. There were 900.0 homes sold total this month. In Rowlett home sales year to date experienced no change compared to the same point in time 2015, with 0.3 sold total this year. This month projected housing sales showed a gain of 12.4%, with 101 projected total. In Rowlett projected houses sold year to date saw an uptick of 1.3%, with 1128 projected houses sold this year. In Rowlett there were 108 newly listed housing units this month, which was a rise of 31.7%. Year to date there was an uptick of 1.4% in newly listed residential properties in the market. There were 1401 newly listed residential properties in the market total this year. This month listings under contract saw an uptick of 36% from the same month 2015, with 121 listings under contract this month. Listings under contract in Rowlett year to date reached 1193, a growth of 1.4% relative to November last year. In November 2016 the number of approximate months supply of inventory saw a drop of 10.8%, with 1.5 months of supply total. In Rowlett this month residential properties for sale saw a dip of 8.3%, with 155 residential properties for sale this month. In November 2016 there were 30 days on market until sale, and this was a drop of 11.9% in contrast to the same time of year last year. In Rowlett in November 2016 percent of original asking price received saw a growth of 1%, with 97.7 percent total. In Rowlett year to date the number of percent of original asking price received showed a growth of 0.6%, with 98.9 percent total this year.

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Bob Baesmann

DFW Team Realty | 972-978-8800
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