Plano TX Residential Sales Report for June

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June saw a nice increase of 9% in the number of new listings. The active listings jumped 20% but this is a little misleading because last Junes numbers were very low. Sales were up 9%. The average sales price declined by 4% while the median sales price rose 2%. This is just some monthly anomaly. The months of inventory increased to 2.3 months still well short of the 6 months normally considered a balanced market.

Sales: 424

Average Sales Price: $385,821

Median Sales Price: $351,680

Pending Sales: 368

New Listings: 568

Active Listings: 709

Months of Inventory: 2.3

Information provided by The Real Estate Center