Dallas Area Residential Sales Report for March – Plano, TX
Lots of negative numbers in this report. Homes sales fell 18%. Pending sales declined 3%. the average sales price dropped 6% and the median sales price was off by 1%. I almost ran out of verbs!
The number of new listings was flat. The number of active listings increased 30% but one has to remember that this is a comparison to last March when inventory was very low. The months of inventory only stands at 2.5 months and that is not much!
Average Sales Price: $398,242
Median Sales Price: $344,500
Pending Sales: 786
New Listings: 1,051
Active Listings: 601
Months of Inventory: 2.5
Information provided by The Real Estate Center
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