Dallas Area Residential Sales Report for December – Garland TX

Dallas Area Residential Sales Report for December – Garland TX

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Buyers were finding homes in December. Home sales climbed 10% and pending sales rose 2%. The average sales price showed a 3% increase while the median sales price was slightly higher with a 5%  rise. When the median sales price increases more the the average it means that there were more sales in the upper price ranges than normal. New listings climbed 7% but the active listings dropped 5%. This caused a decline in the months of inventory to 1.6 months. Buyers are going to have a hard time!

Sales: 169

Pending Sales: 128

Average Sales Price: $222,129

Median Sales Price: $213,000

Pending Sales: 128

New Listings: 147

Active Listings: 272

Months of Inventory: 1.6

Information Provided by The Real Estate Center

#GarlandTX #realestateGarland #GarlandHomes

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