Dallas Area Residential Sales Report for July - Plano TX
Sales were weak in Plano again in July. Down 5% as compared to the same time last year. The average sales price rose a modest 2% as did the median sales price. We are seeing a lot of price reductions and a slowing in showings. The pending sales number declined 6%. Looks like august will not be a positive month. New listings rose 2% and the number of active listings increased 18%. While this is good news for buyers, the months of inventory is still in seller territory at 3.1 months.
Sales: 328
Average Sales Price: $410,540
Median sales Price: $360,000
Pending Sales: 332
New Listings: 492
Active Listings: 903
Information provided by The Real Estate Center
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