Dallas Area Residential Sales Report for November – Garland, TX

Sales were down 19% in November as compared to this time last year. Pending sales fell 14%. The average sales price declined 1% while the median sales price increased 3%. New listings rose 6%. the active listings jumped 45%. I know this looks like a large increase in the number of homes available for sale but when you look at the months of inventory at 1.9 months you can see that there is a shortage of properties on the market and buyers are having  a hard time finding a home to buy.

Sales: 148

Average Sales Price: $212,007

Median Sales Price: $200,000

Pending Sales: 162

New Listings: 204

Active Listings: 323

Months of Inventory: 1.9

Information Provided by The Real Estate Center

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