Lake Highlands Residential Sales Report for August

Sales for August as compared to the same time last year were up 3%. The average sales price was also up 3% while the median sales price was flat. Pending sales rose a nice 16% so we can anticipate the the September sales numbers will be positive. New listings increased 1%. The number of new listings jumped 12%. The months of inventory now stands at 2.5 months. It’s Still a Seller’s Market!

Sales: 77

Average Sales Price: $385,615

Median Sales Price: $360,000

Pending Sales: 71

New Listings: 87

Active Listings: 155

Months of Inventory: 2.5

Information provided by The Real Estate Center