Garland Housing Sales For January 2017 Are Down 18.7%

January 2017 Real Estate Market Summary for Garland, TX (MLS Area 24)
Month Year to Date
2017 2016 % Change 2017 2016 % Change
New Listings 169 172 1.8 169 172 1.8
Closed Sales (Reported) 139 113 -18.7 139 113 -18.7
Closed Sales (Projected) 139 127 -8.7 139 127 -8.7
Listings Under Contract 157 154 -1.9 157 154 -1.9
Average Sales Price $165,620 $173,854 5.0 $165,620 $173,854 5.0
Median Sales Price $153,500 $163,250 6.4 $153,500 $163,250 6.4
Percent of Original Price Received 97.9 99.9 2.1 97.9 99.9 2.1
Days on Market Until Sale 36 25 -31.1 36 25 -31.1
Inventory of Homes for Sale 227 170 -25.1
Months Supply of Inventory 1.3 0.9 -26.8

This month there were 113 housing sales, and this was a drop of 18.7% in contrast to the same time of year 2016. Year to date the number of reported houses sold showed a decline of 18.7% from 2016, with 113 sold total this year. Projected homes sold this month was 127, a down-slide of 8.7%. Year to date there was a decline of 8.7% in projected properties sold in Garland. There were 127 projected properties sold this year. The number of new listings this month in Garland had an increase of 1.8%, with 172 newly listed total. Year to date in Garland the number of new listings saw a climb of 1.8%, with 172 new listings total this year. This month there was a down-slide of 1.9% in contract listings in Garland compared to 2016. There were 154 contract listings total this month. Year to date there were 154 listings under contract, which was a dip of 1.9% relative to 2016. In January 2017 there was a drop of 26.8% in the number of months supply of home inventory. There were 0.9 months supply of home inventory total this month. In Garland there were 170 homes for sale in January 2017, and this was a down-slide of 25.1%. There were 25 days on market until sale this month, which was a slump of 31.1% from January last year. Percent of list price received in Garland in January 2017 was at 99.9 total, a climb of 2.1%. Year to date the number of percent of asking price received was up 2.1%, with 99.9 percent of asking price received total this year.

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Garland Texas Real Estate January 2017

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