Rowlett Residential Property 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

The number of recorded houses sold in February 2016 was at 72 total, a decrease of 4% compared to last year. Year to date in Switch realty property manager, the number of real estate sales reported experienced an improvement of 3.1% in contrast to last year, with 135 sold total this year.

There was a gain of 7.9% in projected home sales this month. There were 81 projected home sales total this month. The number of projected houses sold year to date in Rowlett was 144, a hike of 9.8%. There were 112 new homes in February 2016, and this was an increase of 16.7%. New homes for sale year to date was up 8%, with 202 new homes for sale total this year. In February 2016 units listed under contract underwent a drop of 5.7% compared to February 2015, with 82 listed under contract total. In Rowlett contract listings year to date saw a climb of 4.8% in contrast to the same month last year, with 173 listed on contract total this year. This month approximate months supply of home inventory was lower 22.7%, with 1.2 approximate months supply of home inventory this month.

This month homes for sale had a decrease of 15%, with 125 listed for sale total. The number of days on market until sale this month had an uptick of 54.9% from February last year, with 40 days total. This month the total percent of original list price received in Rowlett was up 0.8%, with 99.5 percent of original list price received this month. Year to date in Rowlett the number of percent of original list price received underwent a hike of 0.8%, with 98.5 percent total this year.

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Rowlett Texas Real Estate February 2016

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