Rockwall Home Sales For December 2016 Down 1.2%

By
Real Estate Broker/Owner with DFW Team Realty
December 2016 Real Estate Market Summary for Rockwall, TX (MLS Area 34)
  Month Year to Date
  2016 2015 % Change 2016 2015 % Change
New Listings 106 110 3.8 2601 2688 3.3
Closed Sales (Reported) 166 164 -1.2 2010 2081 3.5
Closed Sales (Projected) 166 184 11.0 2010 2101 4.5
Listings Under Contract 107 129 20.6 2041 2083 2.1
Average Sales Price $280,649 $306,838 9.3 $276,612 $298,744 8.0
Median Sales Price $249,950 $261,500 4.6 $235,000 $256,000 8.9
Percent of Original Price Received 96.0 96.3 0.3 96.6 97.0 0.4
Days on Market Until Sale 56 51 -8.7 48 44 -9.3
Inventory of Homes for Sale 411 385 -6.3      
Months Supply of Inventory 2.5 2.2 -9.5      

The number of reported housing units sold in December 2016 reached 164 total, a dip of 1.2% from the same point in time last year. There were 2081 homes sold year to date, and this was an improvement of 3.5% relative to December 2015. Projected houses sold this month saw a hike of 11%, with 184 projected houses sold this month. Projected houses sold year to date in Rockwall was up 4.5%, with 2101 projected houses sold total this year. In Rockwall the number of newly listed houses in the market in December 2016 reached 110 total, an increase of 3.8%. Year to date the number of new home listings in the market saw a climb of 3.3%, with 2688 new home listings in the market this year. There were 129 listings under contract in December 2016, which was a gain of 20.6% from December 2015. In Rockwall listings under contract year to date was at 2083 total, an increase of 2.1% relative to December last year. Approximate months supply of inventory in Rockwall this month had a dip of 9.5%, with 2.2 months of supply total. In December 2016 the number of homes for sale in Rockwall was at 385, a fall of 6.3%. In Rockwall there were 51 days on market until sale this month, which was a decline of 8.7% relative to last year. This month percent of list price received underwent a rise of 0.3%, with 96.3 percent total. In Rockwall the number of percent of asking price received year to date was at 97.0 total, a climb of 0.4%.

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Bob Baesmann

DFW Team Realty | 972-978-8800
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