Dallas Area Residential Sales Report for June – Plano, Tx
Sale of Single family homes were off by 6% in June as compared to last June. However pending sales rose 28%. The average sales price increased 5% and the median sales price climbed 7%. New listings were down 6%. Active listings really fell of a cliff with a 47% reduction. The months of inventory is now at 1.8 months. If this low inventory continues it will start to effect sales going forward as buyers have a hard time finding and competing with other buyers for that dream home.
Sales: 333
Average Sales Price: 433,749
Median Sales Price: $384,000
Pending Sales: 439
\New Listings: 437
Active Listings: 459
Months of Inventory: 1.8
Information Provided by The Real Estate Center
