Dallas Area Residential Sales Report for March – Lake Highlands/NE Dallas

Well, what can you say except things did not go well in this area in March! Home sales fell 23%. The average sales price was up 6% while the median sales price increased 7%. Pending sales declined 20% so April is not looking to good for sales. The number of new listings dropped 14%. The active listings came in at a positive 3%. The months of inventory slightly increased to 1.9 months. This is still well short of the 6 months considered a balanced market.

Sales: 53

Average Sales Price: $432,658

Median Sales Price: $426,000

Pending Sales: 66

New Listings: 90

Active Listings: 123

Months of Inventory: 1.9

Information provided by The Real Estate Center

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