Lake Highlands, Texas Home Values report for November 2014

Houses sold this November in Lake Highlands grew 27%, with 55 houses sold. Home sales cumulatively this year rose 0% compared to the same period last year, with 965 houses sold so far this year.

This month, 89 new homes were listed in Lake Highlands, which is a 1% upturn from a month ago. Year-to-date, new houses listed have reached 1,393 total. So far this year, home sales increased 8% compared to the same month last year. Year-to-date, home sales went up 1% relative to the same period last year, with 1,002 houses sold. Listed houses under contract in November 2014 in Lake Highlands gained 15%, with 78 properties currently listed under contract. This November, the average price for a house for homes in Lake Highlands was approximately $249,300, which is a 13% surge from last month. The average price for a home cumulatively this year grew 10% compared to the same month last year, with the average price for a home at $249,575.

Buyers received 94.6% of their listed price this November, which is a 0% growth from last month. Percent of original list price received year-to-date rose 1% compared to the same period last year, with buyers receiving 95.6%of their list price. Number of days on market until sale year-to-date decreased 15% compared to the same period last year, at 41 number of days on market until sale. The number of days on market until sale in Lake Highlands decreased 6%, at 45 number of days on market until sale. The month supply of available homes in Lake Highlands went up 23% this month, with a 3.1 month supply of available homes on the market.

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 November 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 November 2014

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