Garland is a popular area for first time buyers
Dallas Area Residential Sales Report for January – Garland, TX
Home sales jumped 30% compared to last January. Pending sales came in 8% higher. The average sales price rose 7% while the median sales price climbed 9%. Now the bad news if you are a buyer. New listings fell 11% and the active listings declined 69%. The months of inventory now stands at 0.5 months.
It’s a very difficult time for buyers. Extremely low inventory and lot of competition!
Average Sales Price: $246,792
Median Sales Price: $235,000
Pending Sales: 189
New Listings: 170
Active Listings: 86
Months of Inventory: 0,5 months
Information provided by The Real Estate Center
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