Rowlett Property Sales For December 2016 Up 17%

By
Real Estate Broker/Owner with DFW Team Realty
December 2016 Real Estate Market Summary for Rowlett, TX (MLS Area 8)
  Month Year to Date
  2016 2015 % Change 2016 2015 % Change
New Listings 63 79 25.4 1445 1480 2.4
Closed Sales (Reported) 112 131 17.0 1226 1251 2.0
Closed Sales (Projected) 112 147 31.4 1226 1267 3.4
Listings Under Contract 52 78 50.0 1228 1270 3.4
Average Sales Price $237,242 $262,915 10.8 $221,613 $246,658 11.3
Median Sales Price $233,945 $240,500 2.8 $205,000 $232,500 13.4
Percent of Original Price Received 97.4 96.6 -0.7 98.2 98.7 0.4
Days on Market Until Sale 41 32 -22.8 34 31 -8.4
Inventory of Homes for Sale 159 132 -17.0      
Months Supply of Inventory 1.6 1.3 -18.6      

Real estate sales in Rowlett this month reached 131, a gain of 17% compared to the same period 2015. In Rowlett there were 1251 residential housing sales year to date, which was a rise of 2% from 2015. In December 2016 projected residential housing sales in Rowlett had an increase of 31.4%, with 147 projected total. In Rowlett projected real estate sales year to date had an increase of 3.4%, with 1267 projected total this year. New homes for sale in the market in Rowlett this month was up 25.4%, with 79 new homes for sale in the market this month. Year to date the number of new listings in the market climbed 2.4%, with 1480 new listings in the market total this year. The number of listings under contract this month had a climb of 50% from the same time of year last year, with 78 under contract total. The number of contract listings year to date was up 3.4% compared to last year, with 1270 contract listings total this year. The number of approximate months supply of houses on the market in Rowlett this month showed a decrease of 18.6%, with 1.3 months supply total. This month there were 132 houses for sale in the market, which was a decline of 17%. This month days on market until sale in Rowlett sunk 22.8% from the same month last year, with 32 days on market until sale total this month. This month the total percent of original asking price received in Rowlett saw a slump of 0.7%, with 96.6 percent of original asking price received total this month. Year to date percent of original list price received showed a rise of 0.4%, with 98.7 percent total this year.

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Bob Baesmann

DFW Team Realty | 972-978-8800
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