Lake Highlands/NE Dallas Residential Sales Report for July
Lake Highlands/NE Dallas sales were really jumping!
Wow! Sales were up 40% compared to the same time last year. The average sales price fell 1% but the median sales price rose 4%. Just some small changes in the makeup of the sales for the month.
The pending sale number was also up a strong 18%. Looking good for August sales. The number of new listings increased 12%. The active listings were up 13%. While an increase in inventory is always welcomed buy the buyers, these increases only took the months of inventory to 2.3 months. Very short of the 6 months considered a balanced market.
Average Sales Price: $409,646
Median Sales Price: $399,000
Pending sales: 77
New Listings: 93
Active listings: 149
Months of Inventory: 2.3