Dallas Area Residential Sales Report for April- Plano, TX

April 2020 was the first full month of lock downs due to the virus. Because of that the year over year comparisons are skewed.

Single family sales were up 28% and pending sales jumped a whopping 56%. The average sales price rose 33% while the median sales price increased 27%. The number of new listings came in 51% higher but with all the sales, the active listings declined by 65%. The months of inventory is now at 0.6 months. That means that at current sales levels the number of homes currently on the market would be would be sold in 18 days.

Sale: 291

Average Sales Price: $543,273

Median Sales Price: $451,000

Pending Sales: 344

New Listings: 418

Active Listings: 171

Months of Inventory: 0.6 months

Information provided by The Texas Real Estate Center

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