Garland Residential Home Sales For November 2016 Are Up 6.6%

November 2016 Real Estate Market Summary for Garland, TX (MLS Area 24)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 152 162 6.6 1936 2050 5.9
Closed Sales (Projected) 152 182 19.8 1936 2070 6.9
Listings Under Contract 167 163 -2.4 2044 2109 3.2
Average Sales Price $165,802 $182,516 10.1 $161,683 $180,165 11.4
Median Sales Price $149,900 $171,750 14.6 $146,250 $165,000 12.8
Percent of Original Price Received 97.4 99.2 1.8 98.9 99.6 0.6
Days on Market Until Sale 31 19 -38.2 30 25 -17.0
Inventory of Homes for Sale 301 200 -33.6
Months Supply of Inventory 1.7 1.1 -38.5

Real estate sales reported in November 2016 went up 6.6% compared to the same point in time last year, with 162 real estate sales reported this month. In Garland there was an increase of 5.9% in the number of housing sales recorded year to date in contrast to the same period 2015. There were 2050 housing sales recorded total this year. The number of projected properties sold this month reached 182 total, a climb of 19.8%. The number of projected housing sales year to date was 2070 total, an improvement of 6.9%. This month there was a rise of 9.6% in the number of new houses listed in Garland. There were 182 new houses listed total this month. The number of new listings year to date in Garland sunk 0.9%, with 2380 new listings this year. In Garland listings under contract this month saw a down-slide of 2.4% in contrast to last year, with 163 on contract total. Year to date there was a hike of 3.2% in the number of contract listings from 2015. There were 2109 contract listings this year. The number of months supply of houses on the market in November 2016 was at 1.1 total, a decrease of 38.5%. In Garland housing units for sale this month saw a drop of 33.6%, with 200 housing units for sale total this month. This month days on market until sale was lower 38.2% in contrast to the same time of year 2015, with 19 days on market until sale this month. In November 2016 in Garland the total percent of original list price received was higher 1.8%, with 99.2 percent of original list price received total this month. The number of percent of original list price received year to date was up 0.6%, with 99.6 percent of original list price received total this year.

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Garland Texas Real Estate November 2016

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