Dallas Area Residential Sales Report for March - Lake Highlands/NE Dallas
Well, what can you say except things did not go well in this area in March! Home sales fell 23%. The average sales price was up 6% while the median sales price increased 7%. Pending sales declined 20% so April is not looking to good for sales. The number of new listings dropped 14%. The active listings came in at a positive 3%. The months of inventory slightly increased to 1.9 months. This is still well short of the 6 months considered a balanced market.
Sales: 53
Average Sales Price: $432,658
Median Sales Price: $426,000
Pending Sales: 66
New Listings: 90
Active Listings: 123
Months of Inventory: 1.9
Information provided by The Real Estate Center
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