Highland Park Texas Home Values were UP 31% in October

Highland Park Texas Home Values were UP 31% in October over the same month last year with 67 homes selling this month compared to 51 sold this month last year! For the 2011, year to date, overall home sales were UP 2% with 663 homes sold compared to 652 homes sold last year.

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New listings were DOWN 19% for the same period last year with 92 homes listed as compared to 114 listed this month last year. For the year 2011, overall home listings were DOWN 17% with 1,319 homes listed as compared to 1,586 homes listed last year. Listings under contract were DOWN 2% with 56 homes contracted compared to 57 homes contracted this month last year. Listings under contract for all 2011 were UP 1% with 684 homes contracted as compared to 675 contracted for all last year.

The average sales price of homes was UP 16% to $1,007,406 as compared to $865,365 for this month last year. The overall year of 2011 average sales prices were UP 2% to $1,001,790 as compared to $978,702 last year. Sellers received 90.7% of their asking price this month as compared to 85.6% this month last year. The average days on the market until sold in was 117 days compared to 161 days for this month last year DOWN 27%.

The current supply of homes on the market was 444 homes DOWN 34% as compared to 693 homes from the same period last year. This is 6.8 month supply of homes on the market DOWN 25% as compared to 10.8 month supply from this month last year.

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