Hi everyone, it’s Marie Walton here from Ebby Halliday REALTORS. Today, I wanted to give you a market update for July 2024 in Garland, Texas. Whether you’re looking to buy or sell, this information is crucial to understanding the current real estate landscape in our city.
Let’s dive right into the numbers. As of July 2024, there is a 3.58 Months Supply of Inventory in Garland. This means that if no new homes were to come on the market, it would take just over 3 and a half months to sell all the existing homes. This is important to consider when strategizing your buying or selling timeline.
Over the last 12 months, we’ve seen a 59.11% increase in Months Supply of Inventory. This indicates that there may be more homes available on the market compared to this time last year. However, it’s still a competitive market, so it’s essential to work with a REALTOR® who can help navigate these conditions.
The List to Sold Price percentage in Garland is currently at 98.5%. This means that, on average, homes are selling for 98.5% of their listing price. This is a strong indicator of the market’s stability and the value of homes in our area.
The median days on market in Garland is 27 days. This means that, on average, homes are selling in just under a month. This quick turnaround time shows the demand for homes in our city and the efficiency of the selling process.
Lastly, the median Sold Price in Garland is $333,500. This is the middle point of all the homes sold in our city, giving you a good idea of the overall market value.
In conclusion, the real estate market in Garland, Texas is dynamic and competitive. Whether you’re buying or selling, it’s crucial to stay informed and work with a knowledgeable REALTOR® like myself to achieve your real estate goals.
Thank you for dropping in and if you have any questions or are interested in buying or selling in Garland, feel free to reach out to me at 972-816-5197 Have a great day!
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Marie Sells Dallas 