Lake Highlands Housing Sales For February 2016 Are Higher 9.2%

February 2016 Real Estate Market Summary for Lake Highlands, TX (MLS Area 18)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 76 83 9.2 139 146 5.0
Closed Sales (Projected) 76 93 22.7 139 156 12.4
Listings Under Contract 92 108 17.4 170 223 31.2
Average Sales Price $233,623 $268,632 15.0 $218,533 $246,887 13.0
Median Sales Price $222,000 $247,980 11.7 $208,000 $232,000 11.5
Percent of Original Price Received 92.8 96.7 4.2 93.0 96.4 3.6
Days on Market Until Sale 60 36 -39.7 55 42 -23.2
Inventory of Homes for Sale 219 143 -34.7
Months Supply of Inventory 2.5 1.5 -39.9

There were 83 recorded properties sold in February 2016, which was a hike of 9.2% from the same time of year last year. There were 146 homes sold year to date, which was a hike of 5% from last year. In February 2016 the number of projected real estate sales experienced a growth of 22.7%, with 93 projected total. The number of projected homes sold year to date saw an increase of 12.4%, with 156 projected homes sold this year. New homes listed this month had a climb of 3.7%, with 112 new on the market total. The number of newly listed residential properties year to date saw a hike of 20.5%, with 241 newly listed residential properties this year. Listings under contract in Lake Highlands this month had a growth of 17.4% relative to the same time of year last year, with 108 under contract total. Year to date there was an increase of 31.2% in contract listings in contrast to last year. There were 223 contract listings total this year. In Lake Highlands there were 1.5 approximate months supply of property inventory this month, and this was a slump of 39.9%. In February 2016 in Lake Highlands houses for sale in the market had a decrease of 34.7%, with 143 listed for sale in the market total. This month the number of days on market until sale was 36 total, a fall of 39.7% from February last year. Percent of list price received this month experienced a growth of 4.2%, with 96.7 percent total. Year to date in Lake Highlands percent of list price received was up 3.6%, with 96.4 percent of list price received this year.

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Lake Highlands Texas Real Estate February 2016

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