Garland TX Residential Sales Report for May

Garland TX Residential Sales Report for May

Low inventories effect sales

With very low inventories, Garland continues to have low sales numbers as buyers just do not have anything to purchase. Sales were up 1% in May. The average sales price rose 7%. The median sales price was up 9%.Pending sales climbed 12%. We did see a nice increase in the number of new listings which rose 12%. The active listings saw a jump of 68% but this number is a little distorted because last Mays active listings were extremely low. The months of inventory did increase to 1 month which is really not much help if you are a buyer.

Sales: 184

Average Sales Price: $ 206,220

Median Sales Price: $ 189,900

Pending Sales: 223

New Listings: 228

Active Listings: 173

Months of Inventory: 1

Information provided by The Real Estate Center

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s