Inventory is Very Low!
Single-Family:
Sales were up by 19% in January as compared to a year ago. The average sales price fell by 3% but the median sales price rose by 8%. Just some gyrations in the makeup of the sales. Pending sales jumped 30% so we can anticipate a good sales number for February. New listings climbed by 7% and the active listings by 20%. Unfortunately these increases in inventory only raised the months of inventory to 1 month. 6 months is considered a balanced supply/demand number so you can readily see how far off the market is skewed to the Seller side.
Sales: 215
Average Sales Price: $334,991
Median Sales Price: $290,000
Pending Sales: 272
New Listings: 270
Active listings: 302
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.
No comments:
Post a Comment