Dallas Area Residential Sales Report for December - Plano TX
December saw a 5% drop in sales as compared to last December. However, Pending sales rose 16% so it looks like some closings were just delayed. The average sales price rose 1% as did the median sales price. The number of new listings increased 5%. Active listings declined 1%. The months of inventory can in at 1.4 months. 6 months is considered a balanced market. Plano is in the sellers camp.
Sales: 262
Average Sales Price: $380,148
Median Sales Price: $339,950
Pending Sales: 210
New Listings: 173
Active Listings: 419
Months of Inventory: 1.4
Information provided by The Real Estate Center
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