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Rockwall Real Estate Market Update - January 2019


Rockwall Real Estate Market Continues to Improve Amid Increasing Inventories
Posted: March 15, 2019 by Cindy Dunnican

Rockwall Real Estate Market Update - January 2019

Rockwall Real Estate Market Continues to Improve Amid Increasing Inventories 

The Rockwall Median Price increased 8.5% over last year.  We are still in a "seller's market" with only a 2.7 month supply of homes on the market.  The number of Active listings is up 6.8% over January 2018, and the number of closed sales increased 16.3% for the month of January.  While we expect to see an active Spring market with prices continuing to increase, they will start increasing at a slower pace as our market continues to normalize.  Historically, a normal price increase of 4-5% in the Dallas area has been considered healthy. I expect that the market will continue to normalize and settle as we head towards a more balanced market with 4-6 months of Active Inventory.  

Buyers are starting to negotiate more and request closing cost contributions.  Sellers are reducing prices at a higher frequency and Realtors are having to work harder to "market" their listings.  



If you're curious how this normalzing market effects your home value, give me a call.  I would be happy to keep you updated on the happenings in your neighborhood.  

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