Dallas Area Residential Sales Report for September – Garland TX

Dallas Area Residential Sales Report for September – Garland TX

Sales declined 7% in Garland as compared to last September.  More troubling was the 10% fall of in the pending sales number. This is not setting up for a good October. The average sales price dropped 1% while the median sales price rose by 2%. Price increases have certainly moderated. The number of new listings fell 12%. Active listings rose 24%. As in other areas the active listings number is a comparison to last September when listings were extremely low. The months of inventory tells a better story about the market. It now stands at 1.8 months. With 6 months considered a balanced market, you can readily see that Garland is still very tilted to the sellers side.

Sales: 166

Average Sales Price: $215,972

Median Sales Price: $204,500

Pending Sales: 161

New Listings: 206

Active Listings: 308

Months of Inventory: 1.8

Information provided by The Real Estate Center

#mariesellsdallas #GarlandTX #Garlandhomes #Garlandrealestate GarlandRealEstateAgent

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