Hello, I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS, here in Garland, Texas. Today, I want to provide you with an update on the current condo and townhome market.
As of June 2024, we have a 4.62 Months Supply of Inventory in Garland. This means that based on the current rate of sales, it would take 4.62 months to sell all the homes on the market. Over the last 12 months, Months Supply of Inventory has increased by 19.69%, indicating a slightly more balanced market compared to the previous year.
The List to Sold Price percentage is currently at 97%, showing that sellers are receiving close to their asking price on average.
The median days on market is 30, which means that half of the homes are selling in less than a month. This indicates a strong demand for homes in Garland.
The median sold price in Garland is $255,000. This is a great indicator of the overall health and stability of our local real estate market.
If you’re thinking about buying or selling a condo or townhome in Garland, now is a great time to make a move. Feel free to reach out to me for personalized assistance and guidance. Thank you for watching, and I look forward to helping you with your real estate needs.
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Marie Sells Dallas 