Dallas Area Residential Sales Report for November - Lake Highlands/NE Dallas
The Lake Highlands and NE Dallas area have been experiencing a slow down in sales for several months now and November was no exception. Sales were of by 29% compared to last November. increased Pending sales came in flat. The average sales price was up 2% while the median sales price fell 1%. New Listings jumped 43% and active listings climbed 24%. these numbers are misleading because last Novembers numbers were very low. A look at the 2.9 months supply of homes on the market is a better indicator of supply.
Sales: 52
Average Sales Price: $406,156
Median Sales Price: $394,000
Pending Sales: 46
New Listings: 70
Active Listings: 168
Months of Inventory: 2.9
Information provided by the Real Estate Center
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