Dallas Area Residential Sales Report for August - Garland TX
Sales hilt up much better in Garland that in most other areas in August. Only off by 1%. Pending sales were up by 3%. The average sales price increased 10% while the median sales price climbed 11%. The number of new listings grew 8%. The active listings jumped 27% but you must remember that this number is a comparison to last August when active listings were extremely low. The months of inventory sits at 1.9 months. 6 months is considered a balanced market so Garland is a sellers market!
Sales: 199
Average Sales Price: $232,009
Median Sales Price: $212,000
Pending Sales: 211
New Listings: 253
Active Listings: 292
Months of Inventory: 1.9
Information provided by The Real Estate Center
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