Dallas Area Residential Sales Report for February – Plano TX
Home sales in the Plano area were up a strong 20% during February. Pending sales shot up 30%. March should be a positive month. The average sales price fell 3% but the median sales price rose 2%. New listings increased 10%. However, with all the sales activity active listings declined 14% taking the months of inventory down to 1.8 months. Supply is tightening up making it harder for buyers to find that dream home.
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Average Sales Price: $390,998
Median Sales Price: $347,500
Pending Sales: 293
New Listings: 330
Active Listings: 489
Months of Inventory: 1.8
Information provided by The Real Estate Center
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