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

The Lake Highlands and NE Dallas area have been experiencing a slow down in sales for several months now and November was no exception. Sales were of by 29% compared to last November.  increased Pending sales came in flat. The average sales price was up 2% while the median sales price fell 1%. New Listings jumped 43% and active listings climbed 24%. these numbers are misleading because last Novembers numbers were very low. A look at the 2.9 months supply of homes on the market is a better indicator of supply.

Sales: 52

Average Sales Price: $406,156

Median Sales Price: $394,000

Pending Sales: 46

New Listings: 70

Active Listings: 168

Months of Inventory: 2.9

Information provided by the Real Estate Center

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