Rowlett, Texas Home Values report for November 2015

Rowlett homes sold were at 80 homes in November of this year, a 8% surge from a month ago. Housing sales year-to-date went up 5% compared to the same month last year, with 1,060 properties sold so far this year.

So far this year, new listings have reached 1,381 in all. New home properties listed grew 9% compared to the same month last year. During November, 82 new homes were listed in Rowlett, a 10% decline from the previous month. Year-to-date, listed homes under contract are at 1,184 in all, which is a 11% increase from last year. Listings under contract in Rowlett gained 18% in November 2015, with 92 houses currently listed under contract. The average sales price in Rowlett went up 13% . The average home sales price was approximately $220,052 in total for this year, which is a 12% gain from last year.

So far this year, the percentage of original list prices received gained 1% compared to the same month last year, with buyers receiving 98% of their original price. Buyers sold their houses for 97% of their listed price during November, a 0% increase from the previous month. Days on market until sale year-to-date went down 14% compared to the same period last year, at 33 days on market until sale. The days on market until sale in Rowlett decreased 23% in November of this year, at 34 days on market until sale. In November of this year, the market supply of homes was 150 houses. The market supply of homes in Rowlett fell 16% this month. The month supply of homes in Rowlett went down 18% during November, with a 1.5 month supply of houses on the market.

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 2015.

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 2015

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