Hi there, I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS, and today I’m here to give you a market update for August 2024 in Garland, Texas.
Let’s start with the numbers. Right now, we have a 3.81 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 months to sell all the homes currently available. Over the last 12 months, we’ve seen a 63.52% increase in Months Supply of Inventory, which could indicate a shift in the market. However we are still in a seller market in Garland.
The List to Sold Price percentage in Garland is currently 98.7%, which means that homes are selling very close to their list price. This is great news for sellers looking to get top dollar for their homes.
The median days on market in Garland is 27 days. This is a fairly quick turnaround time, indicating that homes are selling fast in this market.
And finally, the median sold price in Garland is $322,500. This gives you an idea of what the average home is selling for in this area.
So whether you’re a buyer or a seller in Garland, it’s important to stay informed about the local market trends. If you’re looking to buy or sell a home in Garland, feel free to reach out to me for personalized assistance.
Thanks for dropping by, and I’ll see you in the next market update!
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Marie Sells Dallas 