Plano TX Residential Sales Report for January
Sales fell 16% as compared to the same time last year. Not sure why this was. Pending sales were up 5%. The average sales price jumped 16% as did the median sales price. The number of new listings showed a nice increase of 16% while the active listings climbed 25%. While it's good for buyers to see more homes on the market, these increases only took the months of inventory to 1.3 months.
With 6 months a normal supply we are still very much in a sellers market.
Sales: 176
Average Sales Price: $380,759
Median Sales Price: 333,000
Pending Sales: 286
New Listings: 314
Active Listings: 378
Months of Inventory: 1.3
Information provided by The Real Estate Center
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