Dallas Area Residential Sales Report for May – Plano TX

Sales remain strong. Supply down!

Single family home sales were up by 35% compared to last May. Pending sales rose 16%. The average sales price increased 30% while the median sales price jumped 23%. There was a small increase of 1% in the number of active listings but sales far out stripping the new listings, the active listings fell by 65%. The months of inventory now stands at 0.6 months.

Sales: 340

Average Sales Price: $531,196

Median Sales Price: $449,000

Pending Sales: 403

New Listings: 416

Active Listings: 181

Months of Inventory: 0.6 months

#mariesellsdallas #realestateplano #homesforsaleplano

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