Lake Highlands/NE Dallas Residential Sales Report for October
Sales were up 5% in October as compared to the same time last year. The average sales price increased 3% while the median sales price took a jump of 9%. Sales continue to be concentrated in the upper price ranges. Pending sales climber 26% so we can anticipate that November sales will be positive. The number of new listings rose 47% and the active listings were up by 6%. Unfortunately these increased in inventory only took the months of inventory to 2.3 months. this is well short of the 6 months considered a balanced market.
Sales: 60
Average Sales Price: $415,303
Median Sales Price: $416,750
Pending Sales: 73
New Listings: 91
Active Listings: 149
Months of Inventory: 2.3
Information provided by The Real Estate Center
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