October Residential Sales Report for Lake Highlands/NE Dallas

Sales took a large jump. Listings increased. It's a Seller's market.

Single-Family:

Sales shot up 24% in October as compared to a year ago. The average sales price was flat but the median sales price increased by 3%. Pending sales jumped 33% so we can anticipate a good November. The number of new listings increased by 12% and the active listings by 11%. these increases only causes a slight increase in the months of inventory to 2.3 months. 6 months is considered a balanced supply.

Sales: 77
Average Sales Price: $329,732
Median Sales Price: $325,000
Pending Sales: 76
New Listings: 83
Active listings:  147
Months of Inventory: 2.3

Information provided by The Real Estate Center at Texas A&M