Lake Highlands Texas Real Estate Sales were down 23% in November 2013


Lake Highlands Texas Real Estate Sales were down 23% in November 2013 over the same month last year with 50 homes selling this month! So far this year, overall home sales were at 957 homes sold, a change of 16% from last year.

The Texas home market for the fourth quarter 2013 in the DFW Metroplex has been brisk so far, with a slight shortage of listings in many areas. With both prices and interest rates at historic lows, this is an ideal time to purchase for both new home owners and current home owners moving to larger homes. It is becoming a Sellers market, and with the shortage of listings, quick action is important. It is key to have your financing approved and prequalification work in process to insure a smooth purchase.

New Lake Highlands Texas real estate listings in May 2013 changed 16% compared to the same period last year with 88 homes listed this month. So far this year, overall home listings have experienced a 5% change, with 1,286 homes listed this year. Current listings pending sale this month underwent a change of -10%, with 66 homes contracted. Listings under contract for the year to date changed by 15%, with 996 homes under contract for this month.

The average sales price of a home in Lake Highlands this month was $208,095, a change of 10% from this month last year. Overall, for the year 2013, the average sales price was $226,611, a change of 7%. Sellers received 94% of their asking price this month, which is a change of 1% from last year. For the year to date, sellers received 95% of their asking price, a change of 2%. This month, homes spent an average of 50 days on the market until sold, which represents a change of -11% from last year. For the year to date, the average number of days on the market was 49, an overall change of -20%.

The current supply of active listings on the market this month was 215 homes. This is a change of -23% from the same month last year. This month there was a 2.5 month supply of homes on the market; this is a change of -34% from last year. Lake Highlands real estate is known as area 10 in the North Texas Real Estate Information System. Information is believed reliable but is only as accurate as reported by the system in the month of May 2013.

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The DFW Metroplex is also known as the Dallas Fort Worth Arlington 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 Arlington. It is comprised of over 70 cities, both incorporated and unincorporated.

Lake Highlands Texas Real Estate November 2013

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