Plano, TX Residential Real Estate Sales Report for January

Single-Family:

Sales in January were up by 2%. The average sales price increased by 22% while the median sales price was up by 3%. Looks like there were a couple of high priced sales that pulled the average sales price up by such a large amount. Pending Sales rose by 7%. The new listings continued to decline and were down by 11%. The active listings dropped by 30% leaving the months of inventory at 0.8 months. Sure makes it difficult to find a home.

Sales: 182

Average Sales Price: $353,322

Median Sales Price: $262,000

Pending Sales: 210

New Listings: 252

Active Listings: 252

Months of Inventory: 0.8

Condos and Townhouses:

Plano does not have a lot of condos and townhouses so the data can be erratic.

Condo and townhouse sales were off by 30%. The average sales price declined by 25% and the median price by 34%. Pending sales dropped 20%. The number of new listings increases by 12% while the active listings declined by 5%. The months of inventory increased to a whopping 0.8 months.

Sales: 14

Average Sales Price: $161,588

Median Sales Price: $120,500

Pending Sales: 20

New Listings: 28

Active listings: 18

Months of Inventory: 0.8

Leases:

Leases increased by 7% in January. The average rent was up by 4% and the median rent by 2%. Pending leases jumped by 161%. The number of new listings declined by 2% while the active listings increases by 20%. The months of Inventory now stands at 1.4 months.

Leases: 118

Average Rent: $1,787

Median Rent: $1,700

Pending Leases: 60

New Listings: 167

Active Listings: 219

Months of inventory: 1.4  

Information provided by The Real Estate Center at Texas A&M.