Highland Park Home Sales For November 2016 Are Lower 16.4%

By
Real Estate Broker/Owner with DFW Team Realty
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      

This month there was a slump of 16.4% in houses sold in Highland Park from 2015. There were 56 houses sold total this month. The number of residential housing sales reported year to date reached 781, a drop of 5.2% from November 2015. Projected real estate sales this month reached 63, a drop of 6.1%. In Highland Park there were 788 projected housing sales year to date, which was a down-slide of 4.4%. In Highland Park there was a fall of 22.6% in the number of newly listed homes in the market this month. There were 65 newly listed homes in the market total this month. There was an improvement of 3.7% in the number of new homes listed in the market year to date. There were 1474 new homes listed in the market total this year. The number of contract listings in November 2016 reached 60, a fall of 7.7% from 2015. Year to date there were 809 listings under contract in Highland Park, and this was a decline of 7% in contrast to the same period 2015. In November 2016 there were 5.4 months supply of real estate inventory, which was a gain of 23.4%. This month 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. This month in Highland Park the number of days on market until sale was 79, an increase of 24.1% from the same month last year. The total percent of original list price received in Highland Park in November 2016 was 91.8 total, a fall of 1.1%. In Highland Park year to date the number of percent of original list price received saw a down-slide of 0.9%, with 94.2 percent of original list price received total this year.

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Bob Baesmann

DFW Team Realty | 972-978-8800
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