Plano TX Residential Sales Report for May

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

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s