Dallas Area Residential Sales Report for February – Plano, TX

Very low inventory

Home sales managed to squeak out a 4% increase but pending sales fell by 30%. The average sales price jumped 31% while the median sales price climbed 15%. The number of new listings declined 46%. Active listings took a 81% tumble. The months of inventory now stands at 0.3 months. 6 months is considered a balanced market.

Sales: 239

Average Sales Price: $510,914

Median Sales Price: $400,000

Pending Sales: 205

New Listings: 179

Active Listings: 91

Months of Inventory: 0.3

Information provided by The Real Estate Center

#mariesellsdallas #RealEstatePlano #HomesforSalePlano