Rockwall County Housing Market Update – March 2023

The housing market in Rockwall County, as of March 2023, continues to be strong and shows positive signs of growth. According to recent data, the average sales price for a home in the county was $490,000, which is an increase of 1% from the previous month. Additionally, the sales to list price ratio remained high at 97.83%, indicating a competitive market where homes are selling for close to their asking price.

Another indicator of the county’s healthy housing market is the price per square foot, which increased by 1% to $187. This means that homebuyers are willing to pay more for homes in the county due to its desirable location, good schools, and quality of life.

Furthermore, the months of supply of inventory in Rockwall County decreased by 46% to 2.37 months, indicating a shortage of available homes for sale. This trend is likely to continue, and it is an excellent time for homeowners who are considering selling their homes to take advantage of the high demand and limited inventory.

The strong housing market in Rockwall County can be attributed to several factors, including the county’s location, its growing economy, and the increasing demand for homes in the area. The county’s proximity to Dallas, which is a major economic hub, makes it an attractive location for people who want to live in a suburban area with easy access to big-city amenities.

Additionally, the county’s economy has been thriving in recent years, thanks to its diverse industries such as healthcare, retail, and finance. The county also offers several job opportunities in the technology and manufacturing sectors, which are rapidly growing and providing a stable income for its residents.

Overall, the current state of the housing market in Rockwall County is favorable for both buyers and sellers. Buyers can benefit from the low-interest rates and the high demand for homes, while sellers can take advantage of the limited inventory and the strong competition among buyers.

In conclusion, the housing market in Rockwall County remains robust, and the positive trends are expected to continue in the coming months. As the county’s economy and population continue to grow, the demand for homes will also increase, making it an ideal time for buyers and sellers to make their move in the real estate market. #closedbyclough

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