Dallas Area Residential Sales Report for June – Garland, TX

Sale Prices continue to rise!

Sales of single family homes fell 7% compared to last year. Pending sales were off by 6% as buyers struggle with small inventories. The average sales price jumped 23% while the median sales price increased by 24%. Buyers are having to move up in price range to find that dream home. New listings dropped 2% and the active listings fell 49%. The months of inventory now stands at 0.6 months. 6 months is considered a balanced market.

Sales: 184

Average Sales Price: $301,314

Median Sales Price: 280,000

Pending Sales: 211

New Listings: 225

Active Listings: 111

Months of Inventory: 0.6 months

Information provided by The Texas Real Estate Center

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