Garland Housing Sales For February 2016 Are Higher 25%

February 2016 Real Estate Market Summary for Garland, TX (MLS Area 24)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 124 155 25.0 240 294 22.5
Closed Sales (Projected) 124 174 40.4 240 313 30.5
Listings Under Contract 156 199 27.6 310 358 15.5
Average Sales Price $161,621 $176,889 9.4 $157,650 $171,318 8.7
Median Sales Price $142,250 $154,000 8.3 $139,231 $153,005 9.9
Percent of Original Price Received 97.8 98.4 0.5 97.8 98.1 0.3
Days on Market Until Sale 39 33 -14.8 43 34 -20.6
Inventory of Homes for Sale 250 157 -37.2
Months Supply of Inventory 1.4 0.9 -39.4

This month there were 155 recorded homes sold in Garland, which was a gain of 25% relative to 2015. In Garland the number of property sales year to date was up 22.5% relative to 2015, with 294 property sales total this year. In February 2016 projected homes sold was up 40.4%, with 174 projected homes sold total this month. In Garland the number of projected homes sold year to date saw a gain of 30.5%, with 313 projected homes sold this year. There were 197 new houses in the market this month, which was an improvement of 38.7%. There was a hike of 13% in new homes in the market year to date. There were 366 new homes in the market total this year. In February 2016 listings under contract underwent an uptick of 27.6% compared to February last year, with 199 listed under a contract total. Year to date there were 358 listings under contract, which was a growth of 15.5% compared to 2015. There was a down-slide of 39.4% in months supply of homes on the market in February 2016. There were 0.9 months supply of homes on the market total this month. Houses for sale in the market this month was 157 total, a dip of 37.2%. There was a down-slide of 14.8% in the number of days on market until sale this month from February 2015. There were 33 days on market until sale total this month. In February 2016 in Garland percent of original asking price received saw a hike of 0.5%, with 98.4 percent of original asking price received total this month. In Garland year to date the number of percent of original list price received went up 0.3%, with 98.1 percent of original list price received this year.

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Garland Texas Real Estate February 2016

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