Rowlett Residential Property Sales For January 2017 Lower 4.7%

By
Real Estate Broker/Owner with DFW Team Realty
January 2017 Real Estate Market Summary for Rowlett, TX (MLS Area 8)
  Month Year to Date
  2017 2016 % Change 2017 2016 % Change
New Listings 90 81 -10.0 90 81 -10.0
Closed Sales (Reported) 64 61 -4.7 64 61 -4.7
Closed Sales (Projected) 64 69 7.1 64 69 7.1
Listings Under Contract 91 910.0 91 910.0    
Average Sales Price $229,199 $284,123 24.0 $229,199 $284,123 24.0
Median Sales Price $218,700 $250,000 14.3 $218,700 $250,000 14.3
Percent of Original Price Received 97.1 95.6 -1.5 97.1 95.6 -1.5
Days on Market Until Sale 56 33 -41.9 56 33 -41.9
Inventory of Homes for Sale 130 118 -9.2      
Months Supply of Inventory 1.3 1.1 -10.7      

In January 2017 homes sold underwent a decline of 4.7% compared to January last year, with 61 sold total. Year to date there were 61 recorded houses sold in Rowlett, which was a decrease of 4.7% from last year. In January 2017 there was a rise of 7.1% in the number of projected property sales. There were 69 projected property sales total this month. Year to date in Rowlett projected real estate sales saw an increase of 7.1%, with 69 projected real estate sales total this year. In January 2017 in Rowlett new home listings reached 81 total, a down-slide of 10%. Year to date there were 81 new housing units in the market in Rowlett, which was a slump of 10%. In Rowlett there was a rise of 91% in contract listings in January 2017 from the same time of year 2016. There were 910.0 contract listings total this month. There was no difference in units listed under contract year to date in contrast to last year. There were units listed under contract total this year. There were 1.1 months supply of property inventory in January 2017, which was a slump of 10.7%. Residential properties for sale in the market in Rowlett this month was at 118 total, a decline of 9.2%. In January 2017 days on market until sale reached 33 total, a decline of 41.9% from the same point in time last year. In January 2017 the total percent of original list price received was 95.6 total, a slump of 1.5%. In Rowlett percent of list price received year to date was 95.6 total, a fall of 1.5%.

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Bob Baesmann

DFW Team Realty | 972-978-8800
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