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