Dallas Area Residential Sales Report for March – Plano, TX

Single family home sales fell 0.8% in March compared to last March. Pending sales were down 22.4%. The median sales price dropped 2.8% while the average sales price was off by 2.6%. The ratio of sales price to original list declined 10.4%. new listings were 22.4% lower. Active listings saw a drop of 34.7%. Days on market jumped 102.3% and the months of inventory increased 70.2%.

The large increases in days on market and months of inventory  are misleading due to the fact we are comparing them to a extremely low period.

Sales: 177

Pending Sales: 142

Median Sales Price: $525,000

Average Sales Price: $603,509

Ratio of Sales Price to Original List: 98.5%

New Listings: 228

Active Listings: 198

Days on Market: 38

Months of Inventory: 1