Highland Park Property Sales For February 2016 Down 6.1%

February 2016 Real Estate Market Summary for Highland Park, TX (MLS Area 25)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 49 46 -6.1 82 92 12.2
Closed Sales (Projected) 49 52 5.5 82 98 19.1
Listings Under Contract 75 80 6.7 139 134 -3.6
Average Sales Price $1,131,741 $1,016,649 -10.2 $1,001,772 $972,122 -3.0
Median Sales Price $970,000 $876,000 -9.7 $825,000 $860,000 4.2
Percent of Original Price Received 95.3 94.9 -0.4 95.3 94.3 -1.1
Days on Market Until Sale 60 68 13.8 63 70 10.7
Inventory of Homes for Sale 277 342 23.5
Months Supply of Inventory 3.8 4.5 19.5

There were 46 real estate sales reported in February 2016, and this was a fall of 6.1% relative to last year. Year to date the number of housing units sold experienced a rise of 12.2% from 2015, with 92 sold total this year. Projected home sales this month in Highland Park had a growth of 5.5%, with 52 projected total. Year to date projected houses sold underwent a climb of 19.1%, with 98 projected total this year. In Highland Park there was a rise of 28.5% in new properties listed in the market in February 2016. There were 176 new properties listed in the market total this month. Year to date there were 288 newly listed homes in the market, which was a hike of 9.5%. This month the number of homes listed under contract was up 6.7% compared to last year, with 80 homes listed under contract this month. Year to date there was a down-slide of 3.6% in listings under contract in contrast to February last year. There were 134 listings under contract total this year. This month in Highland Park approximate months supply of property inventory was higher 19.5%, with 4.5 approximate months supply of property inventory this month. There was a growth of 23.5% in properties for sale in February 2016. There were 342 properties for sale total this month. This month there was an improvement of 13.8% in the number of days on market until sale relative to 2015. There were 68 days on market until sale total this month. In Highland Park the total percent of list price received this month reached 94.9, a decrease of 0.4%. Year to date percent of list price received saw a fall of 1.1%, with 94.3 percent total this year.

You can register on our website to have monthly updates on your city and neighborhood automatically emailed to you from DFW Team Realty. Search Highland Park Texas homes, foreclosures, and short sales to find homes in Highland Park. This service is FREE and available without any obligation from DFWTeamRealty.com.

Highland Park Texas Real Estate February 2016

By

Close
Please support the site
By clicking any of these buttons you help our site to get better

Texas Real Estate Commission Consumer Protection Notice
Texas Real Estate Commission Information About Brokerage Services