Highland Park Residential Housing Sales For November 2016 Are Down 16.4%

November 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) 67 56 -16.4 824 781 -5.2
Closed Sales (Projected) 67 63 -6.1 824 788 -4.4
Listings Under Contract 65 60 -7.7 870 809 -7.0
Average Sales Price $1,077,939 $1,459,368 35.4 $1,105,340 $1,222,258 10.6
Median Sales Price $850,000 $1,153,750 35.7 $900,000 $990,000 10.0
Percent of Original Price Received 92.7 91.8 -1.1 95.0 94.2 -0.9
Days on Market Until Sale 64 79 24.1 53 62 18.1
Inventory of Homes for Sale 330 387 17.3
Months Supply of Inventory 4.4 5.4 23.4

The number of recorded houses sold in Highland Park in November 2016 reached 56 total, a drop of 16.4% from November last year. Year to date there was a slump of 5.2% in real estate sales in Highland Park from 2015. There were 781 real estate sales this year. In November 2016 in Highland Park the number of projected residential properties sold was down 6.1%, with 63 projected residential properties sold total this month. Year to date the number of projected housing sales reached 788, a decrease of 4.4%. There was a fall of 22.6% in new listings in November 2016. There were 65 new listings total this month. New properties year to date gained 3.7%, with 1474 new properties this year. This month there was a decline of 7.7% in the number of contract listings from last year. There were 60 contract listings total this month. The number of listings under contract year to date was down 7% from 2015, with 809 listings under contract total this year. In November 2016 the number of approximate months supply of homes on the market saw a rise of 23.4%, with 5.4 approximate months supply of homes on the market this month. In November 2016 there was an improvement of 17.3% in housing units for sale in Highland Park. There were 387 housing units for sale total this month. In Highland Park there were 79 days on market until sale this month, which was a rise of 24.1% from 2015. In November 2016 the total percent of original asking price received saw a fall of 1.1%, with 91.8 percent total. The number of percent of original asking price received year to date subsided 0.9%, with 94.2 percent of original asking price received this year.

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Highland Park Texas Real Estate November 2016

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