Wednesday, December 21, 2016

Lake Highlands/NE Dallas Residential Sales Report for November

Single-Family:

Sales increased 46% in this area as compared to a year ago. The average sales price jumped 19% and the median sales price rose 21%. Sales continue to be concentrated in the upper price ranges. Pending sales increased 6% so we are probably looking at a positive sales number for December. The number of new listings climber 15% but most of these were gobbled up by buyers leaving the active listings down 4%. The months of inventory fell to 1.8 months.

Sales: 60
Average Sales Price: $425,988
Median Sales Price: $408,950
Pending Sales: 57
New Listings: 69
Active Listings: 120
Months of Inventory: 1.8

Information provided by The Real Estate Center

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