Lake Highlands/NE Dallas Residential Sales Report for December

Lake Highlands/NE Dallas Residential Sales Report for December

Single-Family:

Sales were off by 19% in this area compared to last year. due to the low inventory, buyers are having a difficult time finding a property to purchase. The average sales price rose 5% and the median sales price  also increase by 5%. Pending sales were up by 10% so we can anticipate a positive sales number in January. The new listings jumped a whopping 69% but this is deceiving because last Decembers new listings were low. The active listings actually declined by 1%. The months of inventory is now at 1.7 months. Not much!

Sales: 56

Average Sales Price: $347,492

Median Sales Price: $339,000

Pending Sales: 44

New Listings: 59

Active Listings: 106

Months of Inventory: 1.7

Information provided by The Real Estate Center

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s