Dallas Area Residential Sales Report for March – Garland, TX

Dallas Area Residential Sales Report for March – Garland, TX

a1908-garland2bwatertower

We will not start to have good information about the effect of the COVID-19 virus on home sales until we see the April numbers.

Home sales were off by 8% in the Garland area compared to last March. The average sales price was up 8% while the median sales price rose 6%. New listings dropped 29%. Active listings fell 7% taking the months of inventory down to 1.4 months. This is one of the lowest numbers in the area and means that buyers will find few choices whrn looking for that dream home.  If you are a buyer, you are going to need an agent that can get you in the best properties as soon as they hit the market.

Pending sales offer us a window into the next months sales and in the case of Garland pending sales fell 12% which is actually not to bad when compared to other areas.

203

Sales: 126

Average Sales Price: $235,803

Median Sales Price: $217,500

Pending Sales: 198

New Listings: 203

Active Listings: 250

Months of Inventory: 1.4

Information provided by the Real Estate Center

#RealEstateGarland #HomesForSaleGarland

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.