The Lake Highlands and North East Dallas area helt up better that most other areas. Sales were flat instead of down. The average sales price rose 18% with the median sales price climber 13%. Sales continue to be concentrated in the upper price ranges. Pending sales experienced a sharp decline of 24% so we can anticipate that sales will be off in August. The number of new listings dropped 18% with the active listings rose 2%. The months of inventory now stands at 2 months. 6 months is considered a normal market so from that stand point we are still in a Seller's market.
Sales: 77
Average Sales Price: $417,931
Median Sales Price: $389,000
Pending Sales: 65
New Listings: 83
Active Listings: 132
Months of Inventory: 2
Information provided by The Real Estate Center at Texas A&M
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