Dallas Area Residential Sales Report for September – Plano, TX

At first glance sales do not look good for September down 9% but when you look at the pending sales you see a 27% jump over last September. Looks like we just had some sales delayed or buyers were just buying late in the months. In either case, October should come in with a good positive number. We are seeing price drops with the average sales price falling 2% and the median sales price flat. The number of new listings increased 1% but with the large pending sales number the active listings declined 6%. not good news for buyers! The supply as measured by the Months of Inventory is now at 2.9 months. That’s just about half way to the 6 months considered a balanced market.

Sales: 243

Average Sales Price: $393,995

Median Sales Price: $345,000

Pending sales: 279

New Listings: 315

Active Listings: 761

Months of Inventory: 2.9

Information Provided by the Real Estate Center

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