If you are a buyer looking for a home in Garland you are going to have a problem.
Dallas Area Residential Sale Report for August – Garland TX
Homes sales rose 8% in Garland compared to last year. The real story is the number of pending sales which climbed a whopping 60%. looks like September will be a big month for closings! The average sales price increased 5% as did the median sales price. New listings fell 9% while the number of active listings crashed 56% taking the months of inventory down to .9 months. This extremely low supply will cause problems for buyers as they compete with other buyers for that dream home.
Sales: 212
Pending Sales: 276
Average Sales Price: $246,938
Median Sales Price: $232,000
Pending Sales: 276
New Listings: 225
Active Listings: 158
Months of Inventory: .9
Information provided by The Real Estate Center
Marie Sells Dallas 