Dallas Area Residential Sales Report for June – Plano, TX

Hey there, fellow homebuyers and sellers! Welcome back to another exciting market update with yours truly, Marie Walton, the REALTOR® you can trust. Today, we’re diving deep into the thriving real estate market of Plano, Texas, so buckle up and let’s get started!

Alright, let’s kick things off with the numbers that matter. As of June 2023, we currently have a 1.87 Months Supply of Inventory in Plano. Now, that might sound like a mouthful, but what it means is that we have a healthy balance between supply and demand in our market. 6 months is considered a balanced market.

But wait, there’s more! Over the last 12 months, the Months Supply of Inventory has shown a remarkable decline of -2.09%. That’s right, folks – the market is becoming even more favorable for sellers. So, if you’ve been considering listing your home, now might just be the perfect time to seize the opportunity!

Speaking of sellers, here’s something that will make you smile. The List to Sold Price percentage in Plano stands at a solid 101%. What does that mean for you? It means that homes in our area are not only selling swiftly but also fetching prices higher than the list price. Talk about a win-win situation!

Now, let’s talk about timeframes. In Plano, the median days on the market is a mere 18 days. Yes, you heard that right – just 18 days! That’s less time than it takes for your Amazon package to arrive. So, if you’re a buyer, you need to act fast and be prepared to make competitive offers. Trust me, the Plano real estate market waits for no one!

And now, the moment you’ve all been waiting for – the median sold price. In Plano, the median sold price currently sits at a remarkable $542,000. Now, this number not only reflects the desirability of our city but also the incredible value that Plano homes offer. So, whether you’re dreaming of a cozy family abode or a luxurious estate, Plano has something to suit every taste and budget.

Marie Walton: Well, folks, that wraps up our market update for today. Remember, if you’re looking to buy or sell in Plano, I’m here to guide you every step of the way. With my expertise and the backing of Ebby Halliday, REALTORS, we’ll turn your real estate dreams into a reality. So, until next time, stay excited, stay motivated, and stay tuned for more valuable insights!