Garland TX Residentail Sales Report for November

Single-Family:

Sales increased a nice 18% in November as compared to last year. The average sales price rose 10% and the median sales price increased 14%. Pending Sales dropped off 11%. The number of new listings rose 12% but the active listings fell 10% causing the months of inventory to decline to 0.9 months. With the extremely low inventory, it’s very difficult for buyers in this market.

Sales: 161

Average Sales Price:$189,114

Median Sales Price: $179,000

Pending Sales: 159

New Listings: 167

Active Listings: 163

Months of Inventory: 0.9

Information provided by The Real Estate Center

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