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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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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