Hello everyone, and welcome back to another market update blog post and trends in the Garland, Texas real estate market. Whether you’re a buyer or a seller, this information will help you stay informed and make smart decisions. So let’s dive right in!
As of October 2023, we currently have 2.45 months supply of inventory in Garland, Texas. This means that if no new listings were to come on the market, it would take approximately 2.45 months to sell all the existing homes. It’s important to note that this number has increased by 18.93% over the last 12 months. This increase indicates a slight shift towards a more balanced market, giving buyers a bit more options to choose from.
Now, let’s talk about the list to sold price percentage. In Garland, Texas, homes are selling at a remarkable 98.8% of their listing price. This demonstrates the strong demand and competitiveness in the market. Sellers can expect to receive a solid return on their investment, while buyers should be prepared to make competitive offers to secure their dream home.
Another important metric to consider is the median days on market, which currently stands at 25 days. This means that, on average, homes in Garland, Texas are selling relatively quickly. The low days on market indicate a high level of buyer interest and demand in this area. So if you’re a seller, now could be a great time to list your property and take advantage of the active market.
Finally, let’s discuss the median sold price in Garland, Texas, which is currently at $315,000. This represents the midpoint of all the homes sold in the area. It’s important to note that real estate is hyper-local, and prices can vary depending on the neighborhood and specific features of a property. However, this median price gives you a general idea of the market’s overall value.
Now that we’ve gone over the key market indicators, it’s time to wrap up this market update. Remember, real estate is constantly evolving, so it’s crucial to stay informed about the latest trends and data. If you have any specific questions or need personalized advice regarding your real estate goals, don’t hesitate to reach out to me or any of my colleagues at Ebby Halliday REALTORS. We’re here to help you navigate the market with confidence.
Thank you for joining in this market update . If you found this information valuable, please give this blog a thumbs up and consider subscribing to our site for more real estate insights. Until next time, take care and happy house hunting!
Marie Walton
REALTOR
(972) 816-5197buyer agent g
mariewalton@ebby.com
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8920 Coit Road, Suite 100
Plano TX 75025
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