Hey there, Plano! It’s Marie Walton, your friendly neighborhood REALTOR® from Ebby Halliday, REALTORS. I hope you’re all doing fantastic today because I have some exciting news to share with you. So, grab a cup of coffee, sit back, and let’s dive into the latest market update for August 2023!
Now, before we get started, I want to make sure that everyone knows who this information is for. Today’s market update is specifically designed for all you amazing buyers and sellers out there in Plano, Texas. So, if you’re thinking about buying or selling a home, this is definitely for you!
Let’s jump right into the numbers, shall we? Currently, we have a 2.17 Months Supply of Inventory in Plano. Now, for those of you who might be new to the real estate world, this basically means that if no new homes were listed, it would take approximately 2.17 months to sell all the homes currently on the market. And guess what? This number has actually decreased by 11.43% over the last 12 months! That’s fantastic news for sellers, as it shows a strong demand and a competitive market.
: But wait, there’s more! Let’s talk about the List to Sold Price percentage. In Plano, we’re seeing an incredible 99% List to Sold Price ratio. This means that, on average, sellers are getting 99% of their asking price. So, if you’re thinking about selling your home, this is a great incentive to get the best value for your property.
Now, let’s talk about how quickly homes are selling. The median days on market in Plano is only 25 days! Can you believe it? That’s less than a month! So, if you’re a buyer, be ready to act fast and work closely with your REALTOR® to find that dream home before someone else snatches it away.
And finally, the moment you’ve all been waiting for – the median sold price. In Plano, the median sold price currently stands at a whopping $525,500. Now, this number does fluctuate based on various factors, but it gives you an idea of the market’s overall strength and potential growth.
So, there you have it, Plano! That’s your market update for August 2023. Remember, these numbers can change over time, so it’s always a good idea to stay up-to-date with the latest information. Whether you’re buying or selling, I’m here to help you navigate this exciting market and make the most of your real estate journey.
If you have any questions or need assistance, don’t hesitate to reach out to me, Marie Walton, your dedicated REALTOR® from Ebby Halliday, REALTORS. Together, let’s make your real estate dreams a reality. Thanks for dropping in and I’ll catch you in the next update. Stay awesome, Plano!
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Marie Sells Dallas 