This is the SOLD home report (not to be confused with the asking price report). The data will be homes that SOLD in Garland County in the last 3 months.

Lakefront Single Family: 47 sold. Average price: $441,324. Median price: $345,000. Avg. D.O.M. was 116 days.

Residential Single Family: 188 sold. Average Price: $151,503. Median Price: $136,950. AvDOM: 123.

So, one step further, figuring an absorption rate based on these figures, we have (if no new listings came on the market) enough inventory for between 9-10 months. The National Association of Realtors® stated that 6 months is the magic number. Based on this data, we are still in a buyers market this Fall.