Dallas Area Residential Sales Report for September – Garland, TX

Sales fall sharply as sale prices rise.

Sale took a 22% tumble compared to last September. Pending sales did rise 5%. The average sales price increased by 11% while the median sales price climbed17%. New listings saw a 19% rise which is certainly helpful for buyers. New listings  were 6% higher. The bad news is the months of inventory (a measure of supply/ demand) is still very low at 0.8 months. 6 months is considered a balanced market.

Sales: 173

Average Sales Price: $289,478

Median Sales Price: $275.000

Pending Sales: 215

New Listings: 222

Active Listings: 133

Months of Inventory: 0.8 months

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