This report covers the area north of Northwest Hwy. and south of LBJ.
Well this month's report is a perfect example of how statistics can sometimes be misleading!
The report shows sales jumped 100%. Sounds great, but there were only a total of 28 Sales. Not exactly setting the market on fire. The average Sales price continued to decline and the number of active listings also declined. The months of inventory is now down to 13.4 months. This is still very high but not as bad as it has been.
Now for the good news! There were several million dollar plus sales this month!
Sales: 28
Average Sales Price: $789,026
Median Sales Price: $432,000
Days on Market: 107
Pending Sales: 31
New Listings: 117
Active Listings: 521
Months of Inventory: 13.4
