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Park Cities Market Update

It’s good to know where the real estate market is headed instead of
looking in the rear view mirror. So here’s some Park Cities trends
from last week by median price, inventory and average days on market.

Inventory for Park Cities

WOW! Inventory is shooting way up, just in time for the spring
housing marathon. 38% increase in University Park (black line)
and 36% in Highland Park (orange line).

Average Days on Market for Park Cities

Average days on market is trending down since Dec. Right around
96 days for 75225 and 88 days for 75205.

Median Price Park Cities

You can see the prices have come down more in Highland
Park, median price is around $1,450K and University Park has
increased to $1,395K . 75205 has come down around 15% from it
high last April. If you’re in the market to buy look for new builds
that haven’t sold, you might be able to make a great purchase.
You can always check the latest stats on the right sidebar for
“live” and current market indicators.

About Terry W. Smith

Passionate about real estate, positive problem solver, specialty boutique real estate brokerage that does things your way! A full-time Broker & REALTOR®, helping people buy and sell homes in the Dallas - Plano area. Whether you're a buyer just starting out or someone with luxury properties to sell. I have extensive knowledge and experience to help you with your real estate transaction. I am a native Dallasite & know stuff, ask me...

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