Dallas Area Residential Sales Report for November – Garland TX

Dallas Area Residential Sales Report for November – Garland TX

Sales were going great guns in November. Sales were up 18% compares to last November and pending sales jumped 19%. Looks like December will be a good month. The average sales price increased 16% and the median sales price rose 12%. New Listings came in up 16%. Active listings were up a whopping 36%. while all the increase in inventory sounds great if you are a buyer, it just reflects how low the inventory was last November. The truth is that the months of inventory now stands at 1.2 months which is very low. Buyers are having a hard time finding something to purchase.

Sales: 186

Average Sales Price: $214,623

Median Sales Price: $195,000

Pending Sales: 189

New Listings: 193

Active Listings: 222

Months of Inventory: 1.2

Information provided by The Real Estate Center

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