Lake Highlands Residential Home Sales For November 2016 Are Higher 19.1%

November 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) 68 81 19.1 1026 1049 2.2
Closed Sales (Projected) 68 91 33.8 1026 1059 3.2
Listings Under Contract 77 82 6.5 1097 1077 -1.8
Average Sales Price $255,285 $318,578 24.8 $264,392 $295,512 11.8
Median Sales Price $218,250 $315,000 44.3 $264,000 $297,000 12.5
Percent of Original Price Received 92.8 97.2 4.7 95.7 97.4 1.8
Days on Market Until Sale 72 54 -24.7 39 39 1.2
Inventory of Homes for Sale 217 162 -25.3
Months Supply of Inventory 2.3 1.7 -29.5

This month real estate sales recorded in Lake Highlands was at 81, a growth of 19.1% from last year. Year to date in Lake Highlands the number of recorded residential properties sold was up 2.2% in contrast to 2015, with 1049 recorded residential properties sold total this year. In Lake Highlands there were 91 projected units sold in November 2016, which was an improvement of 33.8%. There was a growth of 3.2% in projected real estate sales year to date. There were 1059 projected real estate sales this year. In Lake Highlands the number of new listings in the market this month saw a gain of 6.3%, with 101 new listings in the market this month. Year to date the number of newly listed properties in the market reached 1329, a slump of 3%. Homes listed under contract in November 2016 in Lake Highlands improved 6.5% relative to November last year, with 82 homes listed under contract total this month. Year to date in Lake Highlands the number of houses listed under contract reached 1077 total, a decrease of 1.8% relative to last year. This month months supply of real estate inventory saw a down-slide of 29.5%, with 1.7 months supply of real estate inventory this month. In November 2016 there was a dip of 25.3% in the number of homes for sale in Lake Highlands. There were 162 homes for sale total this month. This month in Lake Highlands days on market until sale was down 24.7% from November last year, with 54 days on market until sale this month. In Lake Highlands percent of original list price received in November 2016 saw a gain of 4.7%, with 97.2 percent of original list price received total this month. The number of percent of list price received year to date rose 1.8%, with 97.4 percent of list price received total this year.

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Lake Highlands Texas Real Estate November 2016

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