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.
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