The report provides a snapshot of the real estate market in Highland Village, TX, for August 2023, focusing on price distribution, market activity, and days on the market. The data is presented in a straightforward manner, with clear numerical values and percentages to offer insights into market trends and dynamics.

Key Data Points:

Comparison to August 2022: The median property price in Highland Village is $669,350, which has seen an increase of 7.1% compared to August 2022.

Price Distribution:

Properties priced between $0 and $99,999: 0.0%
Properties priced between $100,000 and $199,999: 0.0%
Properties priced between $200,000 and $299,999: 0.0%
Properties priced between $300,000 and $399,999: 5.0%
Properties priced between $400,000 and $499,999: 5.0%
Properties priced between $500,000 and $749,999: 65.0%
Properties priced between $750,000 and $999,999: 20.%
Properties priced above $1,000,000: 5.0%

Market Activity:

There were 25 properties on the market in August 2023, which is a 34.2% drop compared to August 2022.

20 properties were sold in August 2023, marking a 23.1% drop compared to August 2022.

Days on Market:

Average days on the market: 43
Average days to close a sale: 40
Total average days from listing to sale: 83 days, which is 18 days more than in August 2022.

Comparison Metric: The value 1.5 is mentioned compared to 1.9 in August 2022. Given these dynamics, a market with only 1.5 months of inventory is typically considered a "seller's market." In such a market, sellers have a distinct advantage because the demand for homes outpaces the supply. Conversely, buyers may find getting the homes they want more challenging and might pay more due to the increased competition.