The majority of the segiments of the Highland real estate market remain a seller's market. The New Build market, with 5 months of inventory (MOI), is leaning towards a more balanced market where neither the seller nor the buyer have the advantage. New build properties in the higher price range continue to experience the greatest number of days on the market (DOM); however, a new build single family home sold for $1,000,000 in November, bringing the average sale price up in this market.
Single Family
# of Sales 11
Median Sales Price $353,900
Average Sales Price $329,075
Average PSF $211
Average DOM 48
Average Percent List to Sold Price 89.7%
MOI 1.5
New Build
# of Sales 3
Median Sales Price $289,900
Average Sales Price $504, 900
Average PSF $271.50
Average DOM 46
Average Percent List to Sold Price 92.5%
MOI 5
Condo
# of Sales 2
Median Sales Price $165,403
Average Sales Price $165,403
Average PSF $259
Average DOM 88
Average Percent List to Sold Price 99.4%
MOI 3.5
