Rowlett Home Sales For November 2016 Up 1114%

November 2016 Real Estate Market Summary for Rowlett, TX (MLS Area 8)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 90 900.0 1114 1117 0.3
Closed Sales (Projected) 90 101 12.4 1114 1128 1.3
Listings Under Contract 89 121 36.0 1176 1193 1.4
Average Sales Price $224,804 $247,608 10.1 $220,042 $244,867 11.3
Median Sales Price $204,700 $238,750 16.6 $204,000 $231,000 13.2
Percent of Original Price Received 96.8 97.7 1.0 98.3 98.9 0.6
Days on Market Until Sale 34 30 -11.9 33 31 -6.8
Inventory of Homes for Sale 169 155 -8.3
Months Supply of Inventory 1.7 1.5 -10.8

In November 2016 there was an uptick of 1114% in the number of real estate sales recorded from last year. There were 900.0 real estate sales recorded total this month. In Rowlett there were 0.3 real estate sales year to date, and this was no change from November 2015. Projected residential property sales in November 2016 was up 12.4%, with 101 projected residential property sales total this month. The number of projected residential housing sales year to date increased 1.3%, with 1128 projected residential housing sales total this year. This month there was an increase of 31.7% in new listings in Rowlett. There were 108 new listings total this month. Year to date new house listings had an increase of 1.4%, with 1401 newly for sale total this year. There was a rise of 36% in the number of contract listings in November 2016 from November 2015. There were 121 contract listings total this month. Year to date contract listings reached 1193, an uptick of 1.4% compared to 2015. Months supply of properties on the market this month in Rowlett had a decline of 10.8%, with 1.5 months of supply total. Properties for sale this month reached 155 total, a decrease of 8.3%. This month in Rowlett the number of days on market until sale was lower 11.9% from the same month last year, with 30 days on market until sale this month. In Rowlett percent of list price received this month saw an uptick of 1%, with 97.7 percent total. The number of percent of asking price received year to date was higher 0.6%, with 98.9 percent of asking price received total this year.

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Rowlett Texas Real Estate November 2016

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