Garland Residential Sales Report for April

Sales and pending sales were both very strong in April!

Single-Family:

Single family sales jumped 30%. The average sales price rose 9% as compared to a year ago while the median sales price increased 10%. Pending sales jumped 26%. The number of new listings fell 18% and with all the sales the active listings declined by 36%. The months of inventory now stands at 0.6 months. In over 30 years in the real estate business I have never seen a shortage of houses like this!

Sales: 182

Average Sales Price: $171,620

Median Sales Price: $154,500

Pending Sales: 225

New Listings: 198

Active Listings: 95

Months of Inventory: 0.6

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Information provided by The Real Estate Center at Texas A&M.