Lake Highlands/NE Dallas Residential Sales Report for July

Lake Highlands/NE Dallas Residential Sales Report for July

Lake Highlands/NE Dallas sales were really jumping!

Wow! Sales were up 40% compared to the same time last year. The average sales price fell 1% but the median sales price rose 4%. Just some small changes in the makeup of the sales for the month.

The pending sale number was also up a strong 18%. Looking good for August sales. The number of new listings increased 12%. The active listings were up 13%. While an increase in inventory is always welcomed buy the buyers, these increases only took the months of inventory to 2.3 months. Very short of the 6 months considered a balanced market.

Sales: 98

Average Sales Price: $409,646

Median Sales Price: $399,000

Pending sales: 77

New Listings: 93

Active listings: 149

Months of Inventory: 2.3