Dallas Area Residential Sales Report for June – Plano, Tx

Dallas Area Residential Sales Report for June – Plano, Tx

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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

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