Lake Highlands/NE Dallas Residential Sales Report for February

Prices just keep on Climbing!

Sales were up by 4% in February as compared to last February. The average sales price increased 12% and the median sales price also rose 12%. Pending sales fell 12%. Just some kind of a monthly blip. New listings increased 13% and the active listings climbed 7%. this caused the months of inventory to increase to a whopping 1.8 months. With 6 months considered a balanced supply, we are very much still tilted to the Sellers side.

Sales: 57

Average Sales Price: $407,503

Median Sales Price: $288,500

Pending Sales: 66

New Listings: 94

Active Listings: 115

Months of Inventory: 1.8

Information provided by The Real Estate Center

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