Highland Park Home Sales For January 2017 Lower 2.2%

January 2017 Real Estate Market Summary for Highland Park, TX (MLS Area 25)
Month Year to Date
2017 2016 % Change 2017 2016 % Change
New Listings 113 150 32.7 113 150 32.7
Closed Sales (Reported) 46 45 -2.2 46 45 -2.2
Closed Sales (Projected) 46 51 9.9 46 51 9.9
Listings Under Contract 53 84 58.5 53 84 58.5
Average Sales Price $927,596 $1,293,560 39.5 $927,596 $1,293,560 39.5
Median Sales Price $829,500 $1,315,000 58.5 $829,500 $1,315,000 58.5
Percent of Original Price Received 93.6 90.9 -2.9 93.6 90.9 -2.9
Days on Market Until Sale 71 88 24.1 71 88 24.1
Inventory of Homes for Sale 274 319 16.4
Months Supply of Inventory 3.6 4.5 25.0

In January 2017 the number of housing sales saw a dip of 2.2% compared to the same time of year last year, with 45 housing sales total this month. Real estate sales recorded in Highland Park year to date showed a decrease of 2.2% compared to last year, with 45 sold total this year. In January 2017 there were 51 projected real estate sales in Highland Park, and this was a hike of 9.9%. Year to date there were 51 projected properties sold in Highland Park, and this was an improvement of 9.9%. New properties in Highland Park in January 2017 saw a growth of 32.7%, with 150 new on the market total. In Highland Park newly listed homes year to date gained 32.7%, with 150 newly listed homes total this year. The number of listings under contract this month was up 58.5% in contrast to January 2016, with 84 listings under contract total this month. There were 84 contract listings year to date, and this was an uptick of 58.5% in contrast to January 2016. Approximate months supply of homes on the market in January 2017 saw a rise of 25%, with 4.5 approximate months supply of homes on the market this month. In January 2017 houses for sale was up 16.4%, with 319 houses for sale total this month. In January 2017 the number of days on market until sale saw a growth of 24.1% relative to last year, with 88 days total. In Highland Park the total percent of original asking price received in January 2017 reached 90.9 total, a decline of 2.9%. Year to date the number of percent of asking price received in Highland Park was at 90.9 total, a slump of 2.9%.

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Highland Park Texas Real Estate January 2017

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