Lake Highlands/NE Dallas Residential Sales Report for May

Lake Highlands/NE Dallas Residential Sales Report for May

Numbers were all over the place in May.

Sales in this area were down by 11% but the pending sales showed an 8% increase. The average sales price fell 2% while the median sales price dropped 3%. All of this just looks like some short term gyrations in the market. The number of new listings rose 14%, The active listings climbed 8%. While the increase in inventory is welcome if you are a buyer, the increase only moved the months of inventory to 2.2 months. We continue to be very tilted to the favor of sellers.

Sales: 73

Average Sales Price: $395,527

Median Sales Price: $382,500

Pending Sales: 92

New Listings: 121

Active Listings: 134

Months of Inventory: 2.2

Information provided by The Real Estate Center

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