Rowlett Residential Home Sales For January 2017 Are Down 4.7%

January 2017 Real Estate Market Summary for Rowlett, TX here at (MLS Area 8)
Month Year to Date
2017 2016 % Change 2017 2016 % Change
New Listings 90 81 -10.0 90 81 -10.0
Closed Sales (Reported) 64 61 -4.7 64 61 -4.7
Closed Sales (Projected) 64 69 7.1 64 69 7.1
Listings Under Contract 91 910.0 91 910.0
Average Sales Price $229,199 $284,123 24.0 $229,199 $284,123 24.0
Median Sales Price $218,700 $250,000 14.3 $218,700 $250,000 14.3
Percent of Original Price Received 97.1 95.6 -1.5 97.1 95.6 -1.5
Days on Market Until Sale 56 33 -41.9 56 33 -41.9
Inventory of Homes for Sale 130 118 -9.2
Months Supply of Inventory 1.3 1.1 -10.7

Properties sold this month showed a slump of 4.7% from January 2016, with 61 sold total. Year to date the number of residential property sales had a decrease of 4.7% in contrast to last year, with 61 sold total this year. The number of projected real estate sales in January 2017 experienced a rise of 7.1%, with 69 projected total. The number of projected real estate sales year to date in Rowlett saw an improvement of 7.1%, with 69 projected total this year. This month newly listed home refinance in the market dipped 10%, with 81 newly listed homes in the market this month. The number of new houses listed in Rowlett year to date slid 10%, with 81 new houses listed total this year. In January 2017 the number of residential properties listed under contract reached 910.0, a hike of 91% relative to 2016. Year to date there were units listed under contract, and this was no change in contrast to the same month last year. Approximate months supply of homes on the market in January 2017 was 1.1 total, a dip of 10.7%. Homes for sale on the market in Rowlett this month reached 118, a dip of 9.2%. There was a decrease of 41.9% in the number of days on market until sale in January 2017 in contrast to 2016. There were 33 days on market until sale total this month. This month percent of list price received in Rowlett experienced a down-slide of 1.5%, with 95.6 percent total. Percent of asking price received year to date showed a decrease of 1.5%, with 95.6 percent total this year.

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Rowlett Texas Real Estate January 2017

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