Single-Family:

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