Highland Park West & Balcones Area Market Snapshot – Nov 2018 Stats
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The Highland Park West & Balcones neighborhood stats were a mixed bag this past month. Many of the monthly metrics were down year over year. Number of listings down 29%. Sold price/square foot down 27%. Days on market up 100%. Total sales volume down 13%. However, median sales price was up 23%. It’s important to keep in mind that the number of sales (only 3) can really push and pull the data around. No matter, some of these trends have been going on for a couple months now. It is very typical for sales to dip this time of year, but it definitely looks like we are off pace from 2017 and 2016 when it comes to overall sales volume and how fast homes are selling. Good news is that it looks like overall price integrity is holding steady.