Garland, Texas home sales increase January, 2016

In Garland, 116 houses sold this month, a 16% surge from last month. Overall this year, houses sold gained 16% compared to the same period last year, with 116 houses sold during 2016.

New home properties listed this January in Garland declined 7%, with 169 homes listed during January. Year-to-date new listings are at 169 in all, which is a 7% increase compared to the same period last year. Garland listings under contract were at 161 houses this January, which is a 5% rise from last month. In total for this year there have been 161 listed houses under contract overall, which is a 5% gain compared to the same period last year. This month, the average home sales price was about $165,914, which is a 8% rise from a month ago. The average home sales price was approximately $165,914 so far this year, which is a 8% gain from last year.

The percentage of asking price received by buyers in Garland went up 0% this month, with percentage of original list prices received at 98%. The average percentage of original list prices received year-to-date is 98%, which is a 0% increase from last year. Year-to-date, home sales fell 25% relative to the same period last year, at 36 days on market until sale. On average, houses spent 36 days in the market until sold, which is a 25% decline from the previous month. This January, the market supply of homes was 183 houses, which is a 39% dip from last month. This month there was a 1.0 month supply of houses on the market, a 40% dip from a month ago.

Garland is one of many regions reported on by the North Texas Real Estate Information System. The MLS Area for Garland is 24. There are 13 counties and two major metropolitan regions in The DFW metroplex –
Dallas-Plano-Irving and Fort Worth – which stretch across over 9,000 square miles. in terms of population, DFW is the region that ranks first in Texas and in the South, and fourth in the United States. The DFW metroplex is sixth largest by Gross Metropolitan Product in the United States, and is approximately tenth largest by GMP in the world.

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Garland Texas Real Estate January 2016

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