End of Year 2010 Real Estate Transactions for Highland Park, TX

In Highland Park, the number of home sales increased from 87 in 2009 to 141 in 2010 increasing the total sold volume from $154.2 million to $237.8 million. Homes were on the market for fewer days in 2010 when compared to 2009 in homes priced under $1 million and between $3-$4 million. Homes in the $2 million, $4 million, and over $5 million ranges were on the market longer in 2010 than in 2009. The market share of homes sold in Highland Park remained almost unchanged from 2009 to 2010, with about 33% of homes in the $1 million and $2 million ranges each. The sales price as a percentage of listing price remained almost unchanged from 15.0% in 2009 to 15.6% in 2010. Every month except August and December saw a greater number of sales in 2010 when compared 2009. The greatest number of sales in 2010 were from March to July and December. There were more months of inventory on the market in all price ranges in 2009 compared to 2010. The largest drop was homes priced in the $3 million range where there were 29 months of inventory on the market in 2009 and about 10 months worth in 2010.

www.HomesPricedToSell.com.