It's a Seller's Market!
Single-Family:
Sales jumped 22% in December as compared to a year ago. The average sales price rose 17% while the median sales price jumped 13%. Same song second verse. Sales continue to be concentrated in the upper price ranges. Pending sales fell a small 5% but this is nothing to be concerned about. The number of new listings declined again by 8% but the active listings rose by 13% The months of inventory is now at 1.6 months. A balanced supply is normally considered to be 6 Months.
Sales:72
Average Sales Price: $335,498
Median Sales Price: $345,000
Pending Sales: 40
New Listings: 35
Active Listings: 107
Months of Inventory: 1.6
If you live in the Lake Highlands/NE Dallas area and would like a personalized Comparative Market Analysis (CMA) on your home delivered to your email in just a few minutes, then click the link below to take advantage of this offer.
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