Dallas Area Residential Sales Report – Dallas Neighborhood -Lake Highlands

Hello everyone, I’m Marie Walton with Ebby Halliday REALTORS, here to give you a market update for November 2024 in the lovely Lake Highlands neighborhood of Dallas, TX.

Let’s dive right into the numbers. Currently, we have a 3.39 Months Supply of Inventory in Lake Highlands. That means if no new homes were listed, it would take just over 3 months to sell all the existing homes on the market. Over the last 12 months, we’ve seen a 29.39% increase in Months Supply of Inventory, indicating a slight shift towards a more balanced market.

The List to Sold Price percentage in Lake Highlands is holding strong at 97.1%, showing that sellers are still able to get close to their asking price. The median days on market is 30, which means homes are selling relatively quickly in this area.

And finally, the median sold price in Lake Highlands is $640,000. This is a great indicator of the overall health and stability of the market in this neighborhood.

Whether you’re a buyer or a seller, it’s important to stay informed about the market trends in your area. If you’re thinking about making a move, now is a great time to talk to me to discuss your options and make a plan.

Thank you for dropping in to this market update. If you have any questions or would like more information, feel free to reach out to me at the phone number or email address below. Happy house hunting!