Rowlett, Texas Home Values report for December 2014

Home sales in Rowlett declined 25% in December of this year, with 100 houses sold. Year-to-date there have been 1,181 houses sold, which is a 5% fall from last year.

This month, the number of new home properties listed in Rowlett dropped 26%, with 57 houses listed in December 2014. Overall this year there, have been 1,326 new home listings overall, which is a 7% drop compared to the same month last year. So far this year, housing sales fell 5% relative to the same month last year, with 1,133 properties sold so far this year. The number of listed houses under contract in Rowlett declined 14%, with 61 homes currently listed under contract in December of this year. This month, the average selling price for properties in Rowlett was about $208,727, a 16% growth from last month. So far this year, the average price for a home for houses in Rowlett was about $197,093, which is a 10% surge from a year ago.

Percentage of original list prices received in total for this year increased 1% relative to the same period last year, with percentage of asking price received at 97%. In December of this year, buyers sold their houses for 97% of their original price, a 0% gain from a month ago. The days on market until sale was approximately 51 days, a 13% upturn from a month ago. Year-to-date, properties have spent about 42 days in the market until sold, which is a 9% drop from a year ago. The current supply of active listings on the market this month in Rowlett decreased 33%, with the market inventory of available homes at 128 homes. During December there was a 1.4 month supply of houses on the market, which is a 30% decrease from a month ago.

Rowlett real estate information, known as MLS Area 8, 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 December 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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Rowlett Texas Real Estate December 2014

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