Dallas Area Residential Sales Report for November – Plano, TX

Dallas Area Residential Sales Report for November – Plano, TX

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Home sales in Plano were up 2% in November as compared to last November. Pending sales were better rising 8%. The average sales price took a hit down 16%. I would not be to concerned about that. It just looks like we did not have the usual number of higher dollar sales. Median sales were flat. The real problem if you are a buyer was the 13% decline in new listings accompanying a 6% fall in the number of active listings. This just makes it harder for buyer to find their dream home. The months of inventory now stands at 2.4 months. 6 months is considered a balanced market.

Sales: 219

Averages Sales Price: $402,070

Median Sales Price: $344,950

Pending Sales: 249

New Listings: 256

Active Listings: 644

Months of Inventory: 2.4

Information provided by The Real Estate Center

#PlanoHomes #homeforsalePlano

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