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Thursday, July 16, 2015

Plano, TX Residential Sales Report for june



Single-Family:

Sales slipped by 2% in June. The average sales price increased 7% while the median sales price rose 9%. Still have more sales in the higher ranges pulling up the averages. Pending sales increased 3%. The new listings came in 6% ahead of last year and the active listings up 3%. The months of inventory showed a small increase to 1.6 month. Still a very seller’s market.

Sales: 398
Average Sales Price: $344,708
Median Sales Price: $315,000
Pending Sales: 329
New Listings: 473
Active Listings: 473
Months of Inventory: 1.6

Leases:

Leasing activity was up by 10%. The average rent rose by 7% and the median rent climber by 3%. Pending leases jumped 259%. New listings increased by 14% and the active listings jumped 39%. While we say more inventory coming on the market the months of inventory only increased to 1.6 months. Still a very short supply.

Leases: 208
Average Rent: $1,964
Median Rent: $1,800
Pending Leases: 122
New Listings: 277
Active Listings: 252
Months of Inventory: 1.6

Information provided by The Real Estate Center at Texas A&M.

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