Rockwall Residential Housing Sales For November 2016 Are Higher 23.2%

November 2016 Real Estate Market Summary for Rockwall, TX (MLS Area 34)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 142 175 23.2 1844 1913 3.7
Closed Sales (Projected) 142 197 38.5 1844 1935 4.9
Listings Under Contract 131 150 14.5 1934 1955 1.1
Average Sales Price $287,937 $305,806 6.2 $276,248 $298,238 8.0
Median Sales Price $252,500 $264,880 4.9 $235,000 $255,000 8.5
Percent of Original Price Received 95.5 95.7 0.2 96.7 97.1 0.4
Days on Market Until Sale 54 41 -24.0 48 43 -9.2
Inventory of Homes for Sale 478 467 -2.3
Months Supply of Inventory 2.9 2.7 -6.7

This month there was a hike of 23.2% in real estate sales reported relative to the same time of year 2015. There were 175 real estate sales reported total this month. Year to date there were 1913 reported houses sold, which was a hike of 3.7% from the same time of year last year. Projected homes sold this month was at 197, an uptick of 38.5%. Year to date the number of projected houses sold showed a hike of 4.9%, with 1935 projected total this year. This month new properties listed in the market was 179 total, a hike of 14.7%. There were 2578 new units listed year to date, which was a growth of 3.3%. This month there was an improvement of 14.5% in homes listed under contract from last year. There were 150 homes listed under contract total this month. Year to date there were 1955 contract listings in Rockwall, which was an increase of 1.1% in contrast to November 2015. There was a slump of 6.7% in the number of months supply of inventory this month. There were 2.7 months supply of inventory total this month. In Rockwall the number of homes for sale in the market in November 2016 reached 467 total, a decrease of 2.3%. In Rockwall there was a fall of 24% in days on market until sale this month from last year. There were 41 days on market until sale total this month. In November 2016 the total percent of asking price received in Rockwall had a growth of 0.2%, with 95.7 percent total. The number of percent of original asking price received year to date reached 97.1, a rise of 0.4%.

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Rockwall Texas Real Estate November 2016

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