Lake Highlands Housing Sales For December 2016 Down 39.1%

By
Real Estate Broker/Owner with DFW Team Realty
December 2016 Real Estate Market Summary for Lake Highlands, TX (MLS Area 18)
  Month Year to Date
  2016 2015 % Change 2016 2015 % Change
New Listings 59 93 57.6 1429 1422 -0.5
Closed Sales (Reported) 128 78 -39.1 1154 1130 -2.1
Closed Sales (Projected) 128 88 -31.5 1154 1140 -1.2
Listings Under Contract 66 68 3.0 1163 1144 -1.6
Average Sales Price $206,519 $267,074 29.3 $257,967 $293,841 13.9
Median Sales Price $155,000 $269,000 73.5 $257,500 $295,000 14.6
Percent of Original Price Received 94.1 96.0 2.0 95.6 97.3 1.8
Days on Market Until Sale 112 43 -61.3 47 40 -15.1
Inventory of Homes for Sale 169 143 -15.4      
Months Supply of Inventory 1.8 1.5 -13.6      

In December 2016 recorded houses sold reached 78, a decrease of 39.1% from December last year. Residential property sales reported year to date dwindled 2.1% in contrast to the same month 2015, with 1130 residential property sales reported this year. Projected home sales in Lake Highlands this month showed a decline of 31.5%, with 88 projected total. There was a drop of 1.2% in the number of projected houses sold year to date. There were 1140 projected houses sold total this year. In December 2016 there was an increase of 57.6% in new properties for sale. There were 93 new properties for sale total this month. Year to date there were 1422 new houses for sale in the market, which was a slump of 0.5%. Listings under contract this month in Lake Highlands saw a climb of 3% compared to December last year, with 68 listings under contract total this month. Year to date there was a decline of 1.6% in the number of listings under contract compared to last year. There were 1144 listings under contract this year. This month there were 1.5 approximate months supply of units on the market in Lake Highlands, which was a fall of 13.6%. This month there was a drop of 15.4% in homes for sale in Lake Highlands. There were 143 homes for sale total this month. In Lake Highlands in December 2016 the number of days on market until sale was 43 total, a decline of 61.3% from 2015. The total percent of asking price received this month showed a growth of 2%, with 96.0 percent total. Year to date the number of percent of original list price received saw an improvement of 1.8%, with 97.3 percent of original list price received this year.

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