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!

Sales: 165

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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