Lake Highlands Residential Property Sales For January 2017 Down 7.8%

January 2017 Real Estate Market Summary for Lake Highlands, TX (MLS Area 18)
Month Year to Date
2017 2016 % Change 2017 2016 % Change
New Listings 129 95 -26.4 129 95 -26.4
Closed Sales (Reported) 64 59 -7.8 64 59 -7.8
Closed Sales (Projected) 64 66 3.6 64 66 3.6
Listings Under Contract 111 82 -26.1 111 82 -26.1
Average Sales Price $218,764 $243,779 11.4 $218,764 $243,779 11.4
Median Sales Price $215,000 $242,000 12.6 $215,000 $242,000 12.6
Percent of Original Price Received 95.8 95.7 -0.1 95.8 95.7 -0.1
Days on Market Until Sale 50 28 -43.5 50 28 -43.5
Inventory of Homes for Sale 163 130 -20.2
Months Supply of Inventory 1.7 1.4 -18.8

In Lake Highlands there was a decrease of 7.8% in real estate sales in January 2017 from 2016. There were 59 real estate sales total this month. Real estate sales reported year to date reached 59 total, a drop of 7.8% from last year. In Lake Highlands projected property sales in January 2017 showed a climb of 3.6%, with 66 projected total. In Lake Highlands there were 66 projected real estate sales year to date, which was an improvement of 3.6%. In Lake Highlands the number of new properties in January 2017 was 95 total, a fall of 26.4%. Year to date new houses in the market in Lake Highlands experienced a down-slide of 26.4%, with 95 new on the market total this year. The number of homes listed under contract in January 2017 in Lake Highlands reached 82 total, a dip of 26.1% in contrast to the same period last year. There was a drop of 26.1% in contract listings year to date relative to the same month last year. There were 82 contract listings this year. The number of approximate months supply of housing units on the market in January 2017 reached 1.4 total, a drop of 18.8%. This month there was a fall of 20.2% in homes for sale in the market. There were 130 homes for sale in the market total this month. In Lake Highlands there were 28 days on market until sale in January 2017, and this was a dip of 43.5% compared to 2016. This month in Lake Highlands percent of original list price received saw a fall of 0.1%, with 95.7 percent total. The number of percent of list price received year to date in Lake Highlands saw a decline of 0.1%, with 95.7 percent total this year.

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Lake Highlands Texas Real Estate January 2017

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