Buyers were out in full force in December!
Single-Family:
Sales jumped 20% in December as compared to a year ago. The average sales price increased by 8% while the median rose by 14%. We continue to see the sales concentrated in the higher price ranges mainly due to the extreme shortage of properties for sale under $200,000. Pending sales climber by 25% so we can anticipate than January sales will be good. The number of new listings rose 25% and the active listings were up by 20%. While the increase in the active listings is good news, this increase only brought the months of inventory up to 1 month. The supply is still very short and it's very difficult for buyers to find a good property.
Sales: 304
Average Sales Price: $326,915
Median Sales Price: $297,500
Pending Sales: 217
New Listings: 212
Active Listings: 311
Months of Inventory: 1
If you live in the Plano area and would like a personalized Comparative Market Analysis (CMA) on your home delivered to your email in just a few minutes, then click the link below to take advantage of this offer.
If you live in the Plano area and would like a personalized Comparative Market Analysis (CMA) on your home delivered to your email in just a few minutes, then click the link below to take advantage of this offer.
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