Housing market

The housing market in Rockwall County remained bullish at the close of 2020.

The housing market in Rockwall County remained bullish at the close of 2020.

But robust increases in home sales and prices were offset by a dip in the number of new listings during November, with a sharp reduction in the number of available houses toward the end of the year.

The latest report from North Texas Real Estate Information Services Inc. indicated November saw 210 new listings in the county, a decline of 13.3 percent from the same point in 2019.

Through the end of November, there had been 2,929 new listings on the market, 85 fewer than at the same point one year earlier.

There were 195 closed sales during November month, an increase of 14.7 percent from the 170 sales during November 2019. For the year, there had been 2,539 closed sales as of November, 17.5 percent more than during the same point 12 months earlier.

There were 214 pending sales during November, a boost of 19.6 percent from November 2019. Through the end of November, there had been 2,718 sales pending, an increase of 17.5 percent year to year.

The average sales price in the county as of the end of November was reported to be $359,980, representing a rise of 6.5 percent from the same point in 2019.

As of November, there were 286 homes available for sale in Rockwall County, a decrease of 60.6 percent from the 725 homes that were available one year earlier.

The county had just over one month’s supply of available housing inventory as of the end of November, representing a decline of 75 percent from the same point 12 months before.

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