Plano TX Residential Sales Report for May
Sales were hot in May
Sales exploded in May. Up 23%! The average sales price rose 13% while the median sales price climbed 15%. These averages were pulled up do to a number of sales occurring in the upper price ranges. Pending sales showed an 8% increase so we can surmise that June sales will be positive. There was good new on the inventory front for buyers. New listings increased by 22% and the number of active listings were up 27%. Unfortunately these increases only took the months of inventory up to 1.9 months. It's still a sellers market.
Sales: 383
Average Sales Price: $409,948
Median Sales Price: $362,000
Pending Sales: 411
New Listings: 549
Active Listings: 577
Months of Inventory: 1.9
Information provided by The Real Estate Center
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