It's a Seller's Market!
Single-Family:
Sales climber 25% in Garland as compared to last year. The average sales price rose 10% and the median sales price jumped 17%. As in other areas there is a shortage of homes in the lower price ranges and prices are being increased across the board. Pending Sales rose 25%% so next month's sales will be up. The number of new listings fell 8% and the active listings declined 22%. The months of inventory shrank to 0.8 months. Garland now joins Richardson and Carrollton/Farmers Branch as areas with the lowest inventory levels.
Sales: 124
Average Sales Price: $169,110
Median Sales Price: $155,000
Pending Sales: 168
New Listings: 154
Active Listings: 132
Months of Inventory: 0.8
Information provided by The Real Estate Center at Texas A&M.
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