Highland Park Residential Home Sales For February 2016 Lower 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

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

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Highland Park Texas Real Estate February 2016

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