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Tale of Two Sister Cities - Median Price and Inventory for Highland Park and University Park

August 27th, 2008 · No Comments

Park Cities are the two sister cities with two different zip codes.
Take a look at median price for each city and then the inventory.
This goes back a year to get your bearings.

Reports are done on a 7 and 90 day rolling average and updated
each week. Prices are heading higher based on 7 day average.

medium price Higland Park

Inventory Highlnad Park

Yikes! Inventory is about 30% higher. Jury is out on whether
it will have a downward affect on pricing. Looks like inventory
is leveling off. Now University Park - 75225

Median Price for University Park

Pricing has definitely become more similar for the two sisters.

Inventory University Park

Inventory is much larger for University Park but it’s heading
in a downward direction, please note that 75225 also includes
vicinities around the area.

If you’d like a more detailed update by zip code you can subscribe
on the right hand sidebar for Market Activity Research Reports.
The reports are updated weekly and used in conjunction with the
MLS are powerful indicators of the market direction. Reports are
sent instantly and then every Wednesday thereafter. And of course
you can opt out at any time.

If you’re in the market or on the side lines this is a really good place
to start.

Tags: Market Stats

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