The Plano market remains in demand as buyers snap op properties

Dallas Area Residential Sales Report for August – Plano TX

Home Sales rose 43% compared to lasts August. Pending sales came in with a 42% increase. Looks like we are set up for a positive September. The average sale price climber 7% while the median sale price saw a 5% rise. New listings fell 13%. Active listings were off 56% taking the months of inventory down to 1.4 months. Buyers going forward are going to have a hard time finding that dream home and can expect stiff competition from other buyers for the best homes.

Sales: 377

Average Sales Price: $455,949

Median Sales Price: $390,000

Pending Sales: 400

New Listings: 367

Active Listings: 382

Months of Inventory: 1.4

Information Provided by The Real Estate Center

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