Lake Highlands/NE Dallas Residential Sales Report for December
Single-Family:
Sales were off by 19% in this area compared to last year. due to the low inventory, buyers are having a difficult time finding a property to purchase. The average sales price rose 5% and the median sales price also increase by 5%. Pending sales were up by 10% so we can anticipate a positive sales number in January. The new listings jumped a whopping 69% but this is deceiving because last Decembers new listings were low. The active listings actually declined by 1%. The months of inventory is now at 1.7 months. Not much!
Sales: 56
Average Sales Price: $347,492
Median Sales Price: $339,000
Pending Sales: 44
New Listings: 59
Active Listings: 106
Months of Inventory: 1.7
Information provided by The Real Estate Center
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