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

Sales have not been going well in the Lake highlands area for several months now and July was no an exception. Sales fell 16% as compared to last July. The average sales price continues to climb up 8% while the median sales price rose 3%. Pending sales declined 8%. the number of new listings actually declined 16%. not very helpful if you are a buyer. Active listings were up 1%.  The months of inventory now stands at 2.4 months. We are still very much a sellers market in the Lake highlands area.

Sales: 76

Average Sales Price: $444,286

Median Sales Price: $410,000

Pending Sales: 71

New Listings: 78

Active Listings: 150

Months of Inventory: 2.4

Information provided by The Real Estate Center

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