Dallas Area Residential Sales Report for November – Plano TX

Sales fell again in Plano. down 16%. Pending sales were a little better only off 6%. The average sales price rose 13% while the median sales price fell 1%. Had an abnormal sales pattern that caused these numbers. The number of new listings increased 9% while the number of active listings increased  31%. While that looks like a large increase and buyers would be happy with the increase, the months of inventory only rose to 2.5 months. That’s still a low supply and Plano retains it’s sellers market status.

Sales: 218

Average Sales Price: $478,904

Median Sales Price: $347,500

Pending Sales: 230

New Listings: 294

Active Listings: 685

Months of Inventory: 2.5

Information provided by The Real Estate Center

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