Dallas Area Residential Sales Report for July – Garland, TX

Not much to buy in Garland.

Home sales fell 16% in July compared to last July. Pending sales  were down 18%. As in other areas price continued to rise with the average ales price up 18% and the median sales price climbing 20%. Buyers had to go up in the price ranges to find that dream home. While new listings rose 8% active listings came in 36% lower. The months of inventory is at 0.8 months. Garland has one of the smallest number of homes available in the area.

Sales: 186

Average Sales Price; $289,677

Median Sales Price: $275,000

Pending Sales: 210

New Listings: 254

Active Listings: 139

Months of Inventory: 0.8 months

Information provided by The Texas Real Estate Center

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