Plano, TX Residential Sales Report for April

Single-Family:

Sales were up a strong 17% in April. The average sales price dropped 2% while the median sales price increased by 11%. Pending sales were flat. New listings increased by 3% but the active listings dropped 13%. The months of inventory fell to 1.1 months.

Sales: 322

Average Sales Price: $353,367

Median Sales Price: $304,120

Pending Sales: 315

New Listings: 453

Active Listings: 347

Months of Inventory: 1.1

Condos and Townhomes:

There are not a lot of condos and townhomes in Plano so these numbers can be volatile.

Sales were up 26%. The average sales price jumped 34% while the median sales price climbed by 28%.  Looks like there were some sales in the upper price ranges that pulled these averages up. Pending sales  were flat. The number of new listings declined by20% and the active listings fell 47%. The months of inventory declined to 0.4 months. It’s really hard to find a condo or townhome in Plano.

Sales: 29

Average Sales Price: $254,600

Median Sales Price: $240,000

Pending Sales: 21

New Listings: 16

Active Listings: 9

Months of Inventory: 0.4

Leases:

Leases were down by 21% in Plano for the month of April. The average rent was up by 5% while the median rent was flat. Pending Leases jumped 100%. New Listings climber by 8% and the active listings increased by 45%. while these increases certainly helps the months of inventory only climbed to 1.4 months. Still hard to find a property.

Leases: 140

Average Rent: $1,930

Median Rent: $1,700

Pending Leases: 92

New Listings: 195

Active Listings: 210

Months of Inventory: 1.4

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