Plano, TX Residential Sales Activity Report for October

Single Family:

Plano had a very good month in October. Sales were up by 30% while the average sales price increased by 7% and the median sales price was up by 12%. Pending sales increased by 16%.  The new listings continues to decline and was down by 3%. The number of active listings stood down by 22%. The months of inventory is at 1.3 months.

Sales: 320

Average Sales Price: $342,938

Median Sales Price: $269,950

Pending Sales: 274

New Listings: 307

Active Listings: 387

Months of Inventory: 1.3

Condo and Townhouses:

There are very few condos and townhouses in Plano so the numbers can be volatile.

Sales were off by 18%. The average sales price was up by 15% and the median sales price increased by 7%. The number of pending sales was down by 19%. New listings declined by 29% while active listings dropped by 46%. The months of inventory stands at 0.6.

Sales: 18

Average Sales Price: $188,000

Median Sales Price: $176,050

Pending Sales: 17

New Listings: 17

Active Listings: 13

Months of inventory: 0.6

Leases:

Leases were flat on Plano for the month of October. The average lease price increased by 3% while the median lease price was up by 6%. The pending leases jumped a whopping 136%. The new listings increased by 38% and the number of active listings increased by 87%. However these large increases still left us with only a 1.7 months supply.

It looks like there were a lot of leases that ended in September and came on the market in October.

Leases: 138

Average Rent: $1,797

Median Rent: $1,700

Pending Leases: 78

New Listings: 196

Active listings: 250

Months of Inventory: 1.7

Information supplied by the Real Estate Center at Texas A&M.