Supply is VERY LOW!

Dallas Area Residential sales Report for December – Plano, TX

Single family home sales ran ahead of last December by 20%. Pending sales climbed 17%. The average sales price rose 14% while the median sales price increased 11%. Part of these increases is due to buyers moving up in the price ranges. Now the bad news if you are a buyer. While new listings saw a 18% jump, this could not keep up with all the sales so the number of new listings fell 68% and toke the months of inventory done to 0.5 months. It’s getting very difficulty for buyers to find that dream home.

Sales: 319

Average Sales Price: $477,838

Median Sales Price: $390,000

Pending Sales: 241

New Listings: 200

Active Listings: 154

Months of Inventory: 0.5

Information provided by The Real Estate Center

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