Dallas Area Residential Sale Report for August – Garland TX

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

 

#mariesellsdallas #realestategarland #homesforsalegarland

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