Buyers were snapping up Plano homes.

Dallas Area Residential Sales Report to September – Plano, TX

Home sales shot up 43% in September as compared to last year at this time. Pending scales rose 28%. The average sales price climber 19% while the medina sales price rose10%.

New listings fell only 1% but with all the sales, The number of active listings declined by 56% taking the months of inventory down to 1.2 months. This very small supply is going to start effecting sales as buyers just have a hard time finding that perfect home.

Sales: 348

Average Sales Price: $469,885

Medina Sales Price: $380,000

Pending Sales: 356

New Listings: 312

Active Listings: 334

Months of Inventory: 1.2

Information provided by The Real Estate Center

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