Garland TX Home Sales Report for August

Sales were off slightly

August saw sales drop 4% in Garland compared to last August. The average sales price jumped 12% while the median sales price was up by 6%. Pending sales were  down 7%. this is not a bad as some other areas. The number of new listings rose 12% and the active listings climber 43%. Even with this large percentage increase, the months of inventory only increased to 1.3 months. Really not very helpful if you are a buyer. We a very much still in a seller’s market.

Sales: 203

Average Sales Price: $212,687

Median Sales Price: $190,500

Pending Sales: 205

New Listings: 234

Information provided by The Real Estate Center