Garland TX Residential Sales Report for June

Single-Family:

Sales were flat in Garland for June: However. pending sales jumped a sharp 25% so it looks like just some sales were delayed. August should have a very good sales number. The average sales price was up 15% while the median sales price increased 17%. Prices continue to be pushes up due to the extreme shortage of homes for sale. New listings rose by 2% while the number of active listings fell by 26%. The months of inventory bell back to 0.8 months. It’s really hard to find a home in Garland!

Sales: 204

Average Sales Price: $197,049

Median Sales Price: $179,450

Pending Sales: 216

New Listings: 227

Active Listings: 142

Months of Inventory: 0.8

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

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