Rockwall Residential Home Sales For January 2017 Are Higher 0.9%

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

This month property sales recorded in Rockwall showed an increase of 0.9% from 2016, with 116 sold total. There was an uptick of 0.9% in the number of home sales recorded year to date from 2016. There were 116 home sales recorded total this year. In Rockwall the number of projected housing units sold in January 2017 was 130, a gain of 13.3%. The number of projected properties sold year to date was higher 13.3%, with 130 projected properties sold total this year. The number of new homes in the market in January 2017 experienced a growth of 24.3%, with 215 new on the market total. Year to date there were 215 newly listed properties, and this was an uptick of 24.3%. In January 2017 the number of homes listed under contract climbed 26% relative to January 2016, with 165 homes listed under contract total this month. There were 165 homes listed under contract year to date, and this was a gain of 26% from January last year. This month there were 2.2 months supply of homes on the market in Rockwall, and this was a slump of 1.9%. In Rockwall there were 3900.0 homes for sale this month, and this was no difference. In Rockwall there were 52 days on market until sale this month, which was a fall of 13% from January 2016. In January 2017 the total percent of original list price received was at 95.1, a dip of 0.8%. Year to date in Rockwall percent of list price received declined 0.8%, with 95.1 percent of list price received this year.

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Rockwall Texas Real Estate January 2017

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