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
#PlanoHomes #realestate
