Dallas area Residential Sales Report for June – Garland, TX

Sales were up slightly but pending sales fell

Sales rose a slight 2.2% but pending sales fell 20%. The median sales price increased 24.6% while the average sales price rose 26.8%. Buyers in June paid 103.5%above the original list price of homes which was actually down 0.5%. The number of new listings climbed 19%. Active listings came in up 28.2% compared tp last June. The months of inventory (a measure of supply verses demand) remains very low at 1.3 months.

Sales: 190

Pending Sales: 120

Median Sales Price: $349,000

Average Sales Price: $378,714

Ratio of ales Price to Original List Price: 103,,.5

New Listings: 276

Active Listings: 232

Months of Inventory: 1.3 months

Information Provided by The Texas Real Real Estate Center