Garland Residential Home Sales For January 2017 Down 18.7%

By
Real Estate Broker/Owner with DFW Team Realty
January 2017 Real Estate Market Summary for Garland, TX (MLS Area 24)
  Month Year to Date
  2017 2016 % Change 2017 2016 % Change
New Listings 169 172 1.8 169 172 1.8
Closed Sales (Reported) 139 113 -18.7 139 113 -18.7
Closed Sales (Projected) 139 127 -8.7 139 127 -8.7
Listings Under Contract 157 154 -1.9 157 154 -1.9
Average Sales Price $165,620 $173,854 5.0 $165,620 $173,854 5.0
Median Sales Price $153,500 $163,250 6.4 $153,500 $163,250 6.4
Percent of Original Price Received 97.9 99.9 2.1 97.9 99.9 2.1
Days on Market Until Sale 36 25 -31.1 36 25 -31.1
Inventory of Homes for Sale 227 170 -25.1      
Months Supply of Inventory 1.3 0.9 -26.8      

In Garland in January 2017 real estate sales reported reached 113, a drop of 18.7% compared to last year. Recorded housing units sold year to date was 113 total, a decline of 18.7% from 2016. This month there were 127 projected housing sales, which was a down-slide of 8.7%. Year to date there were 127 projected housing sales in Garland, and this was a down-slide of 8.7%. In Garland there was an increase of 1.8% in the number of new properties in the market this month. There were 172 new properties in the market total this month. The number of newly listed houses year to date underwent an uptick of 1.8%, with 172 newly for sale total this year. In Garland there was a fall of 1.9% in the number of listings under contract this month from the same time of year last year. There were 154 listings under contract total this month. Year to date listings under contract reached 154 total, a dip of 1.9% from last year. In January 2017 months supply of residential property inventory subsided 26.8%, with 0.9 months supply of residential property inventory total this month. In January 2017 there was a decline of 25.1% in houses for sale on the market in Garland. There were 170 houses for sale on the market total this month. This month there was a fall of 31.1% in days on market until sale in Garland from 2016. There were 25 days on market until sale total this month. The total percent of list price received this month in Garland saw a rise of 2.1%, with 99.9 percent of list price received this month. Year to date percent of asking price received had a rise of 2.1%, with 99.9 percent total this year.

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Bob Baesmann

DFW Team Realty | 972-978-8800
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