Dallas Area Residential Sales Report for February – Garland

Not much left to buy!

Home sales took a 21% hit as compared to last February. Pending sales dropped 26%. Part of the decline was due to the weather but a lot of it is because buyers are having a hard time finding that dream home because of the short supply. The average sale price rose 13% while the median sales price increased 14%. New listings declined 41%. Active listings fell 75% taking the months of inventory down  0.4 months.

Sales: 115

Average Sales Price: $261,704

Median Sales Price: $244,900

Pending Sales: 145

New Listings:  125

Active Listings: 64

Months of Inventory: 0.4 months

Information provided by the Real Estate Center

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