Lake Highlands, Texas Home Values report for December 2014

Cumulatively this year, houses sold are at 1,045, which is a 0% increase compared to the same month last year. Lake Highlands housing sales were at 79 homes during December, which is a 1% upturn from last month.

Year-to-date new listings are at 1,462 overall. New housing properties listed gained 9% relative to the same month last year. In December 2014, 67 new properties were listed in Lake Highlands. This December, the number of new listings in Lake Highlands climbed 22%. There were 72 listed homes under contract in December 2014, a 31% upturn from last month. So far this year, listed houses under contract are at 1,074 in all, which is a 2% rise from a year ago. This month, the average price for a house for houses in Lake Highlands was about $236,561, a 6% decline from the previous month. The average sales price overall this year increased 9% relative to the same month last year, with the average price for a house at $248,332.

The percentage of asking price received by buyers this month went up 0%, with percentage of asking price received at 94%. Percentage of original list prices received so far this year grew 1% compared to the same period last year, with buyers receiving 96% of their asking price. The days on market until sale during December in Lake Highlands fell 16%, at 54 days on market until sale. So far this year, the number of days on market until sale was about 42 days, which is a 15% decline from last year. The market supply of homes was 216 homes. The market supply of homes this month in Lake Highlands grew 17%. This month there was a 2.5 month supply of houses on the market. The month supply of houses this month in Lake Highlands went up 17%.

Lake Highlands real estate information, known as MLS Area 18, is reported by area in the North Texas Real Estate Information System. The information in this report is believed reliable, but is only as accurate as reported by the system in the month of December 2014.

The DFW area is also known as the Dallas Fort Worth Metropolitan Statistical Area, a title designated by the U.S. Census Bureau, which encompasses 12 counties within the state of Texas. The area is divided into two metropolitan divisions: Dallas Plano Irving and Fort Worth. It is comprised of over 70 cities, both incorporated and unincorporated. The DFW Metroplex is, by population, the largest metropolitan area in Texas, the largest in the South, the fourth-largest in the United States, and the tenth-largest in the Americas. The DFW Metroplex encompasses over 9,000 square miles of total area, making it larger in area than the states of Rhode Island and Connecticut, combined. It also has the sixth-largest gross metropolitan product (GMP) in the United States, and is approximately tenth-largest by GMP in the world.

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Lake Highlands Texas Real Estate December 2014

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