Rowlett, Texas Home Values report for November 2014

So far this year, housing sales declined 3% relative to the same month last year, with 1,081 properties sold so far this year. Houses sold in Rowlett grew 6% in November 2014, with 72 properties sold this month.

Year-to-date there have been 1,269 new home properties listed in all, which is a 5% decrease from last year. In November 2014, 91 new houses were listed in Rowlett, a 7% surge from last month. Current listings under contract during November in Rowlett went down 13%, with 77 houses currently listed under contract during November. Listings under contract year-to-date fell 4% compared to the same month last year, with 1,071 properties sold so far this year. The average home sales price in November 2014 in Rowlett went up 6%, the average price for a house being $199,127. The average price for a house was about $196,191 so far this year, which is a 10% upturn relative to the same month last year.

Buyers got 97.2% of their listed price year-to-date, which is a 0% rise from a year ago. The number of percent of original list price received in Rowlett went up 0%, with percent of original list price received at 96.9%. Cumulatively this year, houses spent an average of 41 days in the market until sold, which is a 11% drop from last year. The days on market until sale in Rowlett went up 18%, at 54 days on market until sale. There was a 1.6 month supply of homes in November 2014. The month supply of homes in November of this year in Rowlett dropped 25%.

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 November 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  November 2014


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