Dallas Area Residential Sales Report for May – Plano TX

Sales remained strong in May. Up 13%. The average sales price increased 1% while the median sales price climbed 3%. Price increases have been slowing down in the Plano area for the past several months. Pending sales declined 3%. Have to wait and see about this. The number of new listings increased 6%. Active listings jumped 32%. As in other areas, the percentage increase in the active listings is an anomaly caused by last Mays active listings being very low. The months of inventory did increase to 2.6 months but this number is well short of the 6 months considered a balanced market. Plano is still in the sellers market column.

Sales: 401

Average Sales Price: $411,923

Median Sales Price: $370,000

Pending Sales: 400

New Listings: 584

Active Listings: 762

Months of Inventory: 2.6

Information provided by The Real Estate Center

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