Dallas Area Residential Sales Report for March – Garland TX

Home sales in Garland fell 7% in March compared to the same period last year. Pending sales were however up 4%. The average sales price increased 3%. The median sales price rose 5%. New listings rose a healthy 29%. Active listings were up 70% compared to last March when listings were extremely low. The months of inventory tell the real supply number and it is at 1.6 months. 6 months is considered a balanced market so you can see we are still very much in a sellers market in Garland.

Sales: 189

Average Sales Price: 219,785

Median Sales Price: $205,000

Pending Sales: 226

New Listings: 287

Active listings: 268

Months of Inventory: 1.6

Information provided by the Real Estate Center

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