Highland Park Residential Home Sales For December 2016 Are Lower 10%

December 2016 Real Estate Market Summary for Highland Park, TX (MLS Area 25)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
New Listings 44 440.0 1466 1518 3.5
Closed Sales (Reported) 80 72 -10.0 904 854 -5.5
Closed Sales (Projected) 80 81 1.1 904 863 -4.5
Listings Under Contract 48 36 -25.0 918 846 -7.8
Average Sales Price $1,339,747 $1,350,826 0.8 $1,126,084 $1,232,615 9.5
Median Sales Price $1,007,500 $1,125,000 11.7 $905,138 $999,500 10.4
Percent of Original Price Received 92.5 92.5 0.0 94.8 94.0 -0.8
Days on Market Until Sale 72 73 0.9 55 63 16.1
Inventory of Homes for Sale 238 306 28.6
Months Supply of Inventory 3.2 4.3 36.1

In December 2016 in Highland Park the number of recorded housing units sold was down 10% in contrast to last year, with 72 recorded housing units sold total this month. Year to date there was a dip of 5.5% in property sales from last year. There were 854 property sales total this year. The number of projected houses sold in December 2016 in Highland Park was at 81, an uptick of 1.1%. Year to date the number of projected residential housing sales experienced a decrease of 4.5%, with 863 projected total this year. This month there was an increase of 1466% in new houses. There were 440.0 new houses total this month. There were 3.5 newly listed homes year to date, which was no difference. In Highland Park in December 2016 units listed under contract underwent a decrease of 25% in contrast to last year, with 36 on a contract total. Year to date there was a decrease of 7.8% in the number of contract listings in Highland Park in contrast to last year. There were 846 contract listings this year. This month there were 4.3 months supply of residential property inventory, and this was an increase of 36.1%. In Highland Park there was a gain of 28.6% in the number of residential properties for sale in December 2016. There were 306 residential properties for sale total this month. In Highland Park there was an improvement of 0.9% in the number of days on market until sale in December 2016 in contrast to last year. There were 73 days on market until sale total this month. This month percent of list price received saw no difference, with 92.5 percent of list price received this month. Percent of list price received year to date saw a decline of 0.8%, with 94.0 percent of list price received this year.

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Highland Park Texas Real Estate December 2016

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