Lake Highlands Residential Property Sales For December 2016 Down 39.1%

December 2016 Real Estate Market Summary for Lake Highlands, TX (MLS Area 18)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
New Listings 59 93 57.6 1429 1422 -0.5
Closed Sales (Reported) 128 78 -39.1 1154 1130 -2.1
Closed Sales (Projected) 128 88 -31.5 1154 1140 -1.2
Listings Under Contract 66 68 3.0 1163 1144 -1.6
Average Sales Price $206,519 $267,074 29.3 $257,967 $293,841 13.9
Median Sales Price $155,000 $269,000 73.5 $257,500 $295,000 14.6
Percent of Original Price Received 94.1 96.0 2.0 95.6 97.3 1.8
Days on Market Until Sale 112 43 -61.3 47 40 -15.1
Inventory of Homes for Sale 169 143 -15.4
Months Supply of Inventory 1.8 1.5 -13.6

This month real estate sales was 78, a drop of 39.1% compared to last year. Year to date there were 1130 property sales reported in Lake Highlands, and this was a fall of 2.1% compared to last year. There were 88 projected real estate sales in December 2016, which was a drop of 31.5%. Year to date projected residential property sales underwent a drop of 1.2%, with 1140 projected total this year. In December 2016 there were 93 new houses listed, and this was a gain of 57.6%. Year to date newly listed homes in Lake Highlands was at 1422 total, a slump of 0.5%. In Lake Highlands contract listings this month experienced an improvement of 3% in contrast to the same month 2015, with 68 listed on contract total. Year to date there were 1144 units listed under contract, and this was a fall of 1.6% in contrast to last year. In December 2016 there was a down-slide of 13.6% in months supply of homes on the market in Lake Highlands. There were 1.5 months supply of homes on the market total this month. In December 2016 there were 143 homes for sale in the market, which was a slump of 15.4%. The number of days on market until sale in Lake Highlands in December 2016 was down 61.3% from last year, with 43 days on market until sale this month. In December 2016 the total percent of original asking price received reached 96.0, an uptick of 2%. Percent of original asking price received year to date experienced a hike of 1.8%, with 97.3 percent total this year.

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Lake Highlands Texas Real Estate December 2016

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