Dallas Area Residential Sales Report for February – Plano, TX
This report compares February to January
Sales rose 50.91% in February compared to January. Pending Sales did not keep up down 3.94%. The median sales price increased % while the average sales price rose 13.18%. The ratio of original list price to sales price climbed 2.12%. New listings declined 5.96% . Active listings fell 21.20%. Days on market came in 4.35% lower. months of inventory dropped 27.27%.
Inventories are getting very low and we are seeing multiple offers on the best properties and above list price.
Pending Sales: 122
Median Sales Price: $516,200
Average Sales Price: $601,397
Ratio of Original List Price to Sales Price: 96.40%
New Listings: 142
Active Listings: 171
Days on Market: 44
Months of Inventory: 0.8 months