Garland Home Sales For December 2016 Lower 15%

December 2016 Real Estate Market Summary for Garland, TX (MLS Area 24)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
New Listings 136 134 -1.5 2538 2515 -0.9
Closed Sales (Reported) 213 181 -15.0 2149 2239 4.2
Closed Sales (Projected) 213 203 -4.5 2149 2261 5.2
Listings Under Contract 142 143 0.7 2186 2247 2.8
Average Sales Price $174,675 $188,295 7.8 $162,972 $180,811 10.9
Median Sales Price $152,000 $172,000 13.2 $147,500 $165,000 11.9
Percent of Original Price Received 96.6 98.4 1.9 98.7 99.5 0.8
Days on Market Until Sale 41 24 -41.2 32 25 -19.8
Inventory of Homes for Sale 238 159 -33.2
Months Supply of Inventory 1.3 0.9 -35.9

This month there were 181 home sales reported in Garland, and this was a drop of 15% compared to 2015. Year to date the number of houses sold saw an increase of 4.2% from the same time of year 2015, with 2239 sold total this year. Projected properties sold in December 2016 was lower 4.5%, with 203 projected properties sold this month. The number of projected houses sold year to date gained 5.2%, with 2261 projected houses sold total this year. New houses in December 2016 in Garland experienced a fall of 1.5%, with 134 newly listed total. Year to date newly listed properties showed a fall of 0.9%, with 2515 newly for sale total this year. In December 2016 there were 143 contract listings in Garland, which was a climb of 0.7% from the same time of year last year. Contract listings in Garland year to date saw an uptick of 2.8% compared to 2015, with 2247 listed on contract total this year. Approximate months supply of residential properties on the market in Garland in December 2016 reached 0.9, a down-slide of 35.9%. There was a down-slide of 33.2% in residential properties for sale in December 2016. There were 159 residential properties for sale total this month. This month there was a fall of 41.2% in days on market until sale in contrast to December last year. There were 24 days on market until sale total this month. In December 2016 the total percent of list price received reached 98.4, an uptick of 1.9%. In Garland percent of list price received year to date saw a hike of 0.8%, with 99.5 percent total this year.

You can register on our website to have monthly updates on your city and neighborhood automatically emailed to you from DFW Team Realty. Search Garland Texas homes, foreclosures, and short sales to find homes in Garland. This service is FREE and available without any obligation from DFWTeamRealty.com.

Garland Texas Real Estate December 2016

By

Close
Please support the site
By clicking any of these buttons you help our site to get better

Texas Real Estate Commission Consumer Protection Notice
Texas Real Estate Commission Information About Brokerage Services