Here’s a of couple charts to ponder after you vote. These live charts
show median price and days on market from a year ago. You might
be surprised that University Park (75225) pricing is above last year at
$1.38M. Highland Park (75205) has a substantial drop from $1.55M to
$1.35M. Days on market change has been climbing steadily since May.
About 30 to 45 days longer to sell. Inventory is around 40% higher from
a year ago. It makes since that Highland Park would have more price
concessions or reductions due to the inventory and more to give. As soon
as jumbo loans are sorted out you’ll see the Park Cities back to normal.
How’s the market in the Park Cities?
November 4th, 2008 · 2 Comments
Tags: Market Stats
2 responses so far ↓
1 Tina Thompson // Nov 6, 2008 at 3:03 am
Nice to see this kind of information keep up the good work.
2 Mike Pannell // Nov 16, 2008 at 12:35 pm
It also depends on the Zipcode, I know some listings inside the 635 loop sell really quick. It all comes down to pricing it right. If you price it to sell it will sell quickly
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