Lake Highlands/NE Dallas Residential Sales Report for October

Sales were up 5% in October as compared to the same time last year. The average sales price increased 3% while the median sales price took a jump of 9%. Sales continue to be concentrated in the upper price ranges. Pending sales climber 26% so we can anticipate that November sales will be positive. The number of new listings rose 47% and the active listings were up by 6%. Unfortunately these increased in inventory only took the months of inventory to 2.3 months. this is well short of the 6 months considered a balanced market.

Sales: 60

Average Sales Price: $415,303

Median Sales Price: $416,750

Pending Sales: 73

New Listings: 91

Active Listings: 149

Months of Inventory: 2.3

Information provided by The Real Estate Center