Dallas Area Residential Sales Report – Garland, Texas

Hello everyone, and welcome back to our monthly market update here in Garland, Texas. I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS, and today we’re going to be diving into some key data points that both Buyers and Sellers should be aware of in January 2025.

Let’s start off with our Months Supply of Inventory, which currently stands at 4.12 months. This means that if no new homes were to come on the market, it would take approximately 4.12 months to sell all the existing homes. Over the last 12 months, we’ve seen a significant increase of 83.93% in Months Supply of Inventory, which is something both Buyers and Sellers should keep an eye on.

Next up, our Sold to List Price percentage is sitting at a strong 96.3%, indicating that homes in Garland are selling very close to their list price. This is great news for Sellers who are looking to get top dollar for their homes.

The median days on market is currently 49 days, which means that homes in Garland are selling relatively quickly. Buyers should be prepared to act fast when they find a home they love in this competitive market.

And finally, the median Sold Price in Garland is $308,999. This gives both Buyers and Sellers a good idea of the current market value of homes in the area.

Overall, the real estate market in Garland, Texas is showing signs of stability and strength. Whether you’re looking to buy or sell, now is a great time to make a move in this vibrant community.

Thank you for stopping by our market update today. If you have any questions or are interested in buying or selling a home in Garland, feel free to reach out to me. Have a wonderful day!