Dallas Area Residential Sales Report for February – Garland TX

As in other areas in February home sales in Garland were up sharply rising 20% as compared to last year. Pending sales did not do as well only climbing 4%. The average sales price increased 8% while the median sales price rose 4%. There was a 16% increase in the number of active listings but with all the sales taking place the number of active listings fell 5%. The months of inventory dropped to 1.5 months. It’s getting much harder for buyers to find that dream home.

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Sales: 146

Average Sales Price: $231,957

Median Sales Price: $213,500

Pending Sales: 197

New Listings: 212

Active Listings: 261

Months of Inventory: 1.5

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