Dallas Area Residential Sales Report for May -Lake Highlands/NE Dallas
Sales were strong in the Lake Highlands area in May. Up 15%. The average sales price rose 7% while the median sales price increased 9%. Pending sales were a little troubling down 21%. with a number like that, June sales are not looking to good. New Listings declined 19% and this may have something to do with the pending sales numbers. Not much new for the buyers to look at. The active listings increased 1% but the months of inventory fell to 2.1 months.
Sales: 83
Average Sales Price: $433,507
Median Sales Price: $420,000
Pending Sales: 73
New Listings: 98
Active Listings: 136
Months of Inventory: 2.1
Information provided by The Real Estate Center
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