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May 15, 2012
Rockwall Market Profile Last Week This Week Market Trend
Number of homes listed for sale 484 589
Number of homes sold year-to-date 276 396
Number of homes sold last 30 days 67 94
Average days on market 94 96
Number of new building permits 0 0  
Average sales price 225000 213
Average list price 232000 220
Percent of price decreased 3 1
Median living area (sqft) 2596 2600
Median number of bedrooms 4 4
How's the market? improving heating up
Interest rate trend down down
Price Range Listed Sold (YTD)
$100,000 - $199,999 204 182
$200,000 - $299,999 144 102
$300,000 - $399,999 90 42
$400,000 - $499,999 57 18
$500,000 - $749,999 53 11
$750,000 - $999,999 21 3
$1,000,000 - Up 19 1

The home buying season is upon us and the good news is that homes are selling.  As you can see, the number of homes coming on the market have increased and so have the sales in pretty dramatic form.  I was just talking with a friend last week about how the housing reports we hear and read about are typically on a national level and not necessarily reflective of the market here in Rockwall.  Our values have gone up and down as well, but not to the grand scale we see in other areas of the country.  We are stable here in Rockwall.  The one thing to bear in mind if you are considering selling is to take the emotional value out of the sales price and to be competetive with the rest of the market.  This becomes even more critical as the price moves up as seen in the comparison on the homes that are curently listed for sale and the actual sales YTD. 

One other item to note is that the interest rates have dropped even lower this week to all time lows.  If you are on the fence trying to decide if this is a good time to buy...JUMP!  There will never be a better time.

Have a great week.