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

Well, things just kind of fell off a cliff when it comes to sales in the Lake Highlands area of North East Dallas in October. Sales fell 16% and pending sales dropped 29%. I think we can safly say that November sales will not be positive. The average sales price was flat while the median sales price was up 1%. New listings declined 5% but the active listings were up 12% as compared to last October. The months of inventory rose to 2.8 months. We are still well short of the 6 months considered a balanced market.

Sales: 47

Average Sales Price: $411,091

Median Sales Price: $415,00

Pending Sales: 52

New Listings: 86

Active Listings: 167

Months of Inventory: 2.8

Information provided by The Real Estate Center

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