Rowlett Residential Home Sales For February 2016 Are Lower 4%

February 2016 Real Estate Market Summary for Rowlett, TX (MLS Area 8)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 75 72 -4.0 131 135 3.1
Closed Sales (Projected) 75 81 7.9 131 144 9.8
Listings Under Contract 87 82 -5.7 165 173 4.8
Average Sales Price $204,017 $233,291 14.3 $201,580 $230,938 14.6
Median Sales Price $189,900 $209,950 10.6 $189,900 $212,500 11.9
Percent of Original Price Received 98.8 99.5 0.8 97.7 98.5 0.8
Days on Market Until Sale 26 40 54.9 32 45 43.7
Inventory of Homes for Sale 147 125 -15.0
Months Supply of Inventory 1.6 1.2 -22.7

There were 72 reported houses sold in February 2016, which was a fall of 4% compared to the same month last year. Year to date there were 135 reported houses sold, and this was a growth of 3.1% relative to 2015. In February 2016 the number of projected home sales saw an improvement of 7.9%, with 81 projected home sales this month. The number of projected residential properties sold year to date reached 144 total, a gain of 9.8%. In February 2016 the number of new listings in the market reached 112, a rise of 16.7%. Year to date the number of new homes in the market saw a gain of 8%, with 202 new on the market total this year. In February 2016 there were 82 residential properties listed under contract, which was a slump of 5.7% relative to the same month last year. The number of contract listings year to date in Rowlett showed a rise of 4.8% from 2015, with 173 under contract total this year. In Rowlett there was a down-slide of 22.7% in approximate months supply of homes on the market this month. There were 1.2 approximate months supply of homes on the market total this month. The number of properties for sale on the market in February 2016 in Rowlett dropped 15%, with 125 properties for sale on the market this month. In February 2016 the number of days on market until sale was up 54.9% in contrast to 2015, with 40 days on market until sale total this month. Percent of list price received in February 2016 was at 99.5 total, an uptick of 0.8%. The number of percent of list price received in Rowlett year to date had an increase of 0.8%, with 98.5 percent total this year. For more information, you can visit Condos in downtown Edmonton.

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Rowlett Texas Real Estate February 2016

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