Dallas Area Residential Sales Report for September - Garland TX
Sales declined 7% in Garland as compared to last September. More troubling was the 10% fall of in the pending sales number. This is not setting up for a good October. The average sales price dropped 1% while the median sales price rose by 2%. Price increases have certainly moderated. The number of new listings fell 12%. Active listings rose 24%. As in other areas the active listings number is a comparison to last September when listings were extremely low. The months of inventory tells a better story about the market. It now stands at 1.8 months. With 6 months considered a balanced market, you can readily see that Garland is still very tilted to the sellers side.
Sales: 166
Average Sales Price: $215,972
Median Sales Price: $204,500
Pending Sales: 161
New Listings: 206
Active Listings: 308
Months of Inventory: 1.8
Information provided by The Real Estate Center
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