Dallas Area Residential Sales Report for January – Plano TX

Dallas Area Residential Sales Report for January – Plano TX

Sales were off by 1% in Plano compared to the same time last year. The average sales price was flat while the median sales price fell 2%. Pending sales declined 13%. Looks like February could be a negative months for sales. The number of new listings dropped 10%  but the number of active listings rose 2%. The months of inventory is now at 1.3 months.

There continues to be a severe shortage of homes for sale and buyers are having a very difficult time.

Sales: 169

Average Sales Price: $378,347

Median Sales Price: $326,500

Pending Sales: 248

New Listings: 284

Active Listings: 386

Months of Inventory: 1.3

Information provided by The Real Estate Center

#Plano #realestate #homesforsale

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