Rockwall Property Sales For February 2016 Are Higher 11.9%

February 2016 Real Estate Market Summary for Rockwall, TX (MLS Area 34)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 109 122 11.9 190 233 22.6
Closed Sales (Projected) 109 137 25.8 190 248 30.6
Listings Under Contract 145 171 17.9 267 302 13.1
Average Sales Price $278,341 $280,428 0.7 $269,373 $273,994 1.7
Median Sales Price $220,000 $224,500 2.0 $214,963 $224,750 4.6
Percent of Original Price Received 96.1 95.7 -0.4 95.9 95.7 -0.2
Days on Market Until Sale 60 56 -6.0 59 58 -0.8
Inventory of Homes for Sale 431 374 -13.2
Months Supply of Inventory 2.7 2.2 -18.3

In February 2016 there was an increase of 11.9% in the number of real estate sales from the same period last year. There were 122 real estate sales total this month. Year to date residential property sales was higher 22.6% compared to last year, with 233 residential property sales total this year. This month the number of projected property sales was at 137, a climb of 25.8%. Year to date there was an increase of 30.6% in the number of projected units sold. There were 248 projected units sold total this year. This month there was a rise of 13.4% in the number of new homes listed in Rockwall. There were 212 new homes listed total this month. The number of new houses for sale year to date saw a rise of 6.4%, with 385 newly for sale total this year. In Rockwall this month homes listed under contract showed a climb of 17.9% from 2015, with 171 under contract total. There was a growth of 13.1% in contract listings year to date from February 2015. There were 302 contract listings total this year. This month the number of approximate months supply of inventory reached 2.2, a drop of 18.3%. In Rockwall there was a fall of 13.2% in units for sale this month. There were 374 units for sale total this month. This month in Rockwall days on market until sale was lower 6% in contrast to 2015, with 56 days on market until sale this month. Percent of original asking price received this month showed a decrease of 0.4%, with 95.7 percent total. Percent of asking price received year to date saw a fall of 0.2%, with 95.7 percent of asking price received total this year.

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Rockwall Texas Real Estate February 2016


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