Inventory is very low!

Dallas Area Residential Sales Report for October-Garland, TX

Home sales were 25% higher than last October. Pending sales were only up 3% as the inventory shrinks. The average sales price jumped 15% while the median sales price increased 14%. Buyers are having to move up in the price ranges to find homes. New listings declined 17% and the active listings fell 62%. The months of inventory is now at 0.7 months. How short are we? Well 6 months is considered a balanced market.

Sales: 199

Average Sales Price: $255,613

Median Sales Price: $239,000

New Listings: 184

Active Listings: 141

Months of Inventory: 0.7 months

Information provided by The Real Estate Center

#mariesellsdallas #RealEstateGarland #HomesForSaleGarland