Rockwall Residential Housing Sales For January 2017 Up 0.9%

By
Real Estate Broker/Owner with DFW Team Realty
January 2017 Real Estate Market Summary for Rockwall, TX (MLS Area 34)
  Month Year to Date
  2017 2016 % Change 2017 2016 % Change
New Listings 173 215 24.3 173 215 24.3
Closed Sales (Reported) 115 116 0.9 115 116 0.9
Closed Sales (Projected) 115 130 13.3 115 130 13.3
Listings Under Contract 131 165 26.0 131 165 26.0
Average Sales Price $266,979 $300,343 12.5 $266,979 $300,343 12.5
Median Sales Price $229,500 $282,183 23.0 $229,500 $282,183 23.0
Percent of Original Price Received 95.9 95.1 -0.8 95.9 95.1 -0.8
Days on Market Until Sale 60 52 -13.0 60 52 -13.0
Inventory of Homes for Sale 390 3900.0        
Months Supply of Inventory 2.3 2.2 -1.9      

Recorded houses sold this month underwent an improvement of 0.9% compared to January 2016, with 116 sold total. Year to date the number of property sales saw a climb of 0.9% compared to the same month last year, with 116 sold total this year. Projected real estate sales this month showed a growth of 13.3%, with 130 projected total. The number of projected residential housing sales in Rockwall year to date reached 130, a growth of 13.3%. In January 2017 new listings in the market saw a climb of 24.3%, with 215 new listings in the market total this month. There was an uptick of 24.3% in the number of new house listings in the market year to date. There were 215 new house listings in the market total this year. In January 2017 there were 165 residential properties listed under contract, which was an increase of 26% from last year. Year to date homes listed under contract was higher 26% relative to last year, with 165 homes listed under contract total this year. There was a slump of 1.9% in approximate months supply of properties on the market in January 2017. There were 2.2 approximate months supply of properties on the market total this month. In Rockwall the number of houses for sale this month showed no change, with 3900.0 listed in the market total. In Rockwall days on market until sale in January 2017 had a decline of 13% from the same period 2016, with 52 days total. In Rockwall in January 2017 the total percent of asking price received lost 0.8%, with 95.1 percent of asking price received total this month. Year to date percent of asking price received in Rockwall dipped 0.8%, with 95.1 percent of asking price received this year.

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Bob Baesmann

DFW Team Realty | 972-978-8800
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