Prices Up Inventory Down

Dallas Area Residential Sales Report for December – Garland, TX

Home sales fell 3% but pending sales  rose 27%. January should be a positive months for sales. The average sales price jumped 23% while the median sales price increased 17%. Buyers are having to move up to higher price propertied to find that dream home. New listings came in 6% higher than last December but with all the sales active listings fell by 62% thanking the months of inventory down to 0.6 months. This is a extremely low supply and buyers can expect stiff competition when making an offer.

Sales: 173

Average Sales Price: $270,064

Median Sales Price: $245,000

Pending Sales: 162

New Listings: 156

Active Listings: 103

Months of inventory: 0.6 months

Information provided by The Real Estate Center

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