Rockwall County Housing Market Update: April 2023

The Rockwall County housing market is thriving as we head into the spring season of 2023. According to recent data, the average sales price for homes in the area has increased by 8%, bringing the average price to $542,000. This increase is a great sign for those who are looking to sell their homes as it indicates a growing demand for housing in the area.

Additionally, the sales-to-list price ratio remains strong at 98.6%, indicating that homes are being sold close to their asking price. This is great news for buyers as they can expect fair prices and transparency in the home-buying process.

Furthermore, the price per square foot has also seen an increase of 6%, bringing the average price per square foot to $197. This increase is another indication of the strong demand for homes in Rockwall County, as buyers are willing to pay a premium for quality properties.

The monthly supply of inventory has decreased by 15%, with only 3.22 months of inventory available on the market. This means that homes are selling quickly and there is a limited supply, making it a great time to sell or buy before the inventory levels become too low.

Overall, the Rockwall County housing market is strong and thriving, with positive trends and growth expected to continue into the future. As more people move into the area, demand for housing will continue to increase, driving up home prices and creating a competitive market for buyers and sellers alike.

If you are looking to make a move to the Rockwall County area, now is the time to do it. With a strong housing market and limited inventory, it is important to act quickly and work with a trusted real estate agent to find your dream home. #closedbyclough

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