Single-Family:
Sales were up in Plano in November by 22%. The average sales price increased by 16% while the median sales price increased by 21%. As in most other areas sales were concentrated in the price ranges above $200,000. Pending sales increased by 17%. The number of new listings declined by 2% while the active listings decreased by 21%. The months of inventory stood at 1.1 months.
Sales: 125
Average Sales Price: $324,039
Median Sales Price: $283,250
Pending Sales: 222
New Listings: 220
Active Listings: 336
Months of Inventory: 1.1
Condos and Townhouses:
There are very few condos and townhouses in Plano. Because of the very small supply the numbers of sales and other data can be very erratic and of not much value.
Leases:
Leases were up by 14% in November. The average rent price increased by 8% and the median rent increased by 7%. The number of pending leases jumped by 226%. New listings were up by 16% and the number of active listings increases by 43%. However, this large increase did not help the months of inventory number which is still very low at 1.4 months.
Leases: 121
Average Rent: $1,851
Median Rent: $1,750
Pending Leases: 75
New Listings: 148
Active Listings: 212
Months of Inventory: 1.4
Information supplied by The Real Estate Center at Texas A&M.
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