Dallas Area Residential Sales Report for June – Garland, TX

Hey there, everyone! It’s Marie Walton, your friendly neighborhood REALTOR® from Ebby Halliday, REALTORS. Today, I’m here to give you an exciting market update for the beautiful city of Garland, Texas. So, whether you’re a buyer or a seller, this page is packed with valuable information just for you. Let’s dive right in!

As of June 2023, the real estate market in Garland, Texas is buzzing with activity. So, let’s start by talking about the number that’s on everyone’s mind – the Months Supply of Inventory. Currently, we have a 1.64 Months Supply of Inventory. Over the last 12 months, we’ve seen a remarkable decrease of 4.09% in the Months Supply of Inventory. That means a shortage of properties for buyers and higher prices for sellers

Now, let’s shift our focus to the List to Sold Price percentage. This is a crucial figure for sellers as it tells you how close you can expect to sell your property to its list price. In Garland, we’re seeing a fantastic List to Sold Price percentage of 100.2%. This means that, on average, sellers are getting over their asking price. It’s a great time to sell your home and make a profit!

Next up, let’s talk about the Median Days on Market. This number is essential for both buyers and sellers. Currently, the Median Days on Market in Garland is just 17 days. Yes, you heard that right – 17 days! That means homes are selling fast in our city. If you’re a seller, this statistic should get you excited about the potential to sell your home quickly. And if you’re a buyer, it’s a sign that you need to act fast when you find your dream home.

Last but certainly not least, let’s discuss the Median Sold Price. Currently, the Median Sold Price in Garland, Texas is a fantastic $329,000. This figure gives you an idea of the average price at which homes are selling in our city. It’s an exciting time for sellers, as prices are strong, and for buyers, as there are still opportunities to find a home within your budget.

So, there you have it – an overview of the Garland, Texas real estate market in June 2023. With a healthy supply of inventory, a strong List to Sold Price percentage, quick sales, and favorable median prices, the opportunities are endless for both buyers and sellers.

If you’re thinking of buying or selling a home in Garland, Texas, now is the time to make your move. Feel free to reach out to me, Marie Walton, your trusted REALTOR®, at Ebby Halliday, REALTORS. I’d be thrilled to guide you through the exciting journey of real estate in our wonderful city.

Thank you for dropping by, and I’ll catch you in the next market update. Stay excited about the possibilities that await you in the Garland, Texas real estate market. Until next time, take care and happy house hunting!