Dallas Area Residential Sales Report for April – Garland, TX

Sales down. prices up.

Garland single family home sales fell 6.3% compared to last April. Properties under contract dropped 24.4%. The median sales price rose 25.8% while the average sales price increased 23.2%. The ratio of sales price to original listing price came in at 5.3%.  New listings  increased by 6.8%. not enough to keep the active listings declining by 5.1%. The months of inventory is now at 0.7 months.

Closed Sales: 163

Under contract: 158

Median Sales Price: $320,000

Average Sales Price: $334,632

Ratio of Sales Price to Original List:  5.3%

New Listings: 204

Active Listings: 130

Months of Inventory: 0.7

I formation provided by The Texas Real Estate Center