Rockwall, Texas Home Values report for December 2014

This year, houses sold are at 1,882 in all, which is a 2% increase from last year. Rockwall home sales went up 7% during December, with 126 houses sold.

Year-to-date, new listings have reached 2,547 in all, which is a 4% surge relative to the same month last year. This December, the number of new housing properties listed in Rockwall fell 12%, with 109 houses listed in December 2014. Current listings under contract in Rockwall grew 38% in December 2014, with 121 houses currently listed under contract this month. In total for this year, listed houses under contract have reached 1,962 overall, which is a 6% increase relative to the same period last year. The average sales price in Rockwall increased 6% . Year-to-date, homes sold rose 5% relative to the same period last year, with $249,248 being the average sales price.

In December of this year, buyers sold their houses for 96% of their list price, which is a 0% upturn from last month. The average percentage of original list prices received year-to-date is 96%, which is a 1% growth relative to the same period last year. Cumulatively this year, the number of days on market until sale was about 61 days, which is a 5% decrease from a year ago. The days on market until sale was about 68 days, a 4% rise from a month ago. During December, the market supply of homes for houses in Rockwall was 388 houses, a 17% decline from last month.This December there was a 2.4 month supply of available homes on the market. The month supply of homes this month in Rockwall decreased 19%.

Rockwall real estate information, known as MLS Area 34, is reported by area in the North Texas Real Estate Information System. The information in this report is believed reliable, but is only as accurate as reported by the system in the month of December 2014.

The DFW area is also known as the Dallas Fort Worth Metropolitan Statistical Area, a title designated by the U.S. Census Bureau, which encompasses 12 counties within the state of Texas. The area is divided into two metropolitan divisions: Dallas Plano Irving and Fort Worth. It is comprised of over 70 cities, both incorporated and unincorporated. The DFW Metroplex is, by population, the largest metropolitan area in Texas, the largest in the South, the fourth-largest in the United States, and the tenth-largest in the Americas. The DFW Metroplex encompasses over 9,000 square miles of total area, making it larger in area than the states of Rhode Island and Connecticut, combined. It also has the sixth-largest gross metropolitan product (GMP) in the United States, and is approximately tenth-largest by GMP in the world.

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Rockwall Texas Real Estate December 2014

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