Hey there, everyone! It’s Marie Walton, your friendly REALTOR® from Ebby Halliday, REALTORS, bringing you the latest market update for July 2023. Whether you’re a buyer or a seller, you’re in for some exciting news today, so let’s dive right in!

First off, let’s talk about the current state of the market here in Plano, Texas. We’ve got a buzzing real estate scene with some incredible numbers to back it up. Right now, we’re looking at a 2.19 Months Supply of Inventory. That means there’s a healthy balance between the number of homes available for sale and the demand from buyers. So, whether you’re looking to buy or sell, there are opportunities waiting for you!

But wait, there’s more! Over the last 12 months, we’ve seen a -5.6% decrease in the Months Supply of Inventory. That’s right, folks, the competition is getting even fiercer! So, if you’re thinking about selling your home, now might just be the perfect time to do so. With less inventory available, your property could stand out and attract some serious attention.

Now, let’s talk about something that every seller loves to hear – the List to Sold Price percentage. In Plano, Texas, we’re proud to report a fantastic 100.3% List to Sold Price percentage. What does that mean for you as a seller? It means that, on average, homes are selling for slightly above their listing price. Talk about a win-win situation!

And if you’re a buyer, don’t worry, we’ve got some great news for you too. The median days on the market is just 22 days. That’s right, folks, homes are flying off the shelves! So, if you’ve been on the fence about making a move, now is the time to act. With properties selling quickly, you’ll want to be ready to make an offer when you find your dream home.

Last but certainly not least, let’s talk numbers. The median sold price in Plano, Texas, currently stands at a whopping $547,000. Now, I know what you’re thinking – that’s a significant investment. But let me tell you, with the current market conditions and the value this city offers, it’s an investment worth considering. Plus, with a skilled REALTOR® like myself by your side, we can find you the perfect property within your budget.

So, there you have it, folks – the latest market update for July 2023 in Plano, Texas. Whether you’re buying or selling, there are plenty of exciting opportunities waiting for you in this vibrant city. If you have any questions or need assistance navigating this market, don’t hesitate to reach out to me, Marie Walton, at Ebby Halliday, REALTORS. I’m here to help you make the most informed decisions and find your dream home.

Thank you for tuning in, and until next time, happy house hunting!