Dallas Area Residential Sales Report for March – Plano, TX
Prices keep going up as supply falls!
Sales fell 4% in March but pending sales climbed 7%. The average sales price rose 29% while the median sales price increased 12%. There is a total mismatch between sellers and buyers with way to many buyers and to few sellers. New listings declined 14%. The number of active listings dropped 78% as compared to last March. Months of inventory is now at 0.4 months. That means that it would only take 12 days to exhaust the current inventory!
Average Sales Price: $513,850
Median sales Price: $415,000
Pending Sales: 319
New Listings: 320
Active Listings: 107
Months of inventory: 0.4
Information provided by The Real Estate Center
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