Garland, Texas home sales upturn 28% this month

So far this year there have been 2,124 housing sales in all, which is a 1% rise relative to the same month last year. This December, Garland home sales rose 28%, with 158 houses sold.

Cumulatively this year, houses sold went down 1% compared to the same period last year, with 2,124 properties sold this year. In December 2015, 136 new properties were listed in Garland. In December 2015, the number of new home properties listed in Garland went up 5%. Year-to-date, current listings under contract are at 2,198 in all, which is a 4% increase compared to the same month last year. There were 147 listed homes under contract in December of this year, which is a 23% increase from last month. The average price for a home was about $172,657 in December of this year, a 18% upturn from the previous month. Year-to-date, housing sales went up 11% relative to the same period last year, with $162,745 being the average sales price.

On average year-to-date, buyers received 99% of their listed price, which is a 2% increase from last year. The percentage of original list prices received by buyers this December rose 0%, with buyers receiving 97% of their list price. The days on market until sale during December in Garland gained 3%, at 40 days on market until sale. Days on market until sale in total for this year dipped 22% relative to the same month last year, at 31 days on market until sale. In December 2015, the market inventory of available homes for houses in Garland was 195 houses. The market inventory of available homes in December 2015 in Garland declined 35%. There was a 1.1 month supply of houses this month. The month supply of homes in Garland went down 35%.

MLS Area 24 is the Multiple Listing Service Access number for Garland, as designated by the North Texas Real Estate Information System. DFW constitutes 13 counties and two major metropolitan divisions – Dallas-Plano-Irving and Fort Worth – in an area of over 9,000 square miles. The DFW metroplex is the most populous metropolitan region in Texas and in the South. It ranks fourth in the United States and tenth in the Americas. The Gross Metropolitan Product of The DFW area is sixth largest in the United States and about tenth largest in the world.

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Garland Texas Real Estate December 2015

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