Rockwall, Texas Home Values report for November 2014

Homes sold this month in Rockwall rose 4%, with 124 properties sold. Year-to-date there have been 1,756 homes sold total, which is a 2% surge relative to the same period last year.

There were 142 new home listings this November, which is a 3% drop from the previous month. Cumulatively this year, new homes listed are at 2,435 in all. New homes listed so far this year grew 4% relative to the same month last year. Current listings under contract in Rockwall climbed 10% in November of this year, with 117 homes currently listed under contract this month. Listings under contract cumulatively this year climbed 5% compared to the same month last year, with 1,847 homes sold. The average home sales price in Rockwall climbed 20% in November 2014, with $275,568 being the average selling price. The average price for a home so far this year gained 5% relative to the same period last year, with the average sales price at $249,524.

Cumulatively this year, the percent of original list price received climbed 1% compared to the same month last year, with buyers receiving 95.7%of their asking price. The percent of asking price received by buyers in Rockwall increased 0% in November of this year, with buyers receiving 95.0%of their listed price. In November of this year, houses spent about 87 days in the market until sold, a 19% upturn from last month. Year-to-date, homes have spent about 61 days in the market until sold, which is a 5% dip from last year. This month there was a 2.9 month supply of available homes on the market, which is a 10% decline from last month.

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 November 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 November 2014

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