Hey there, folks! Marie Walton here, your trusted REALTOR® from Ebby Halliday, REALTORS. Today, I’m excited to bring you the latest market update for September 2023 in our wonderful city of Plano, Texas. Whether you’re a buyer or seller, this information is going to be valuable to you, so stick around!

Let’s dive right into the numbers, shall we? Currently, Plano has a 2.31 Months Supply of Inventory. What does that mean? Well, it indicates the number of months it would take to sell all the homes on the market if no new listings were added. And guess what? Over the last 12 months, this supply of inventory has remained steady at 0%. That’s a good sign for both buyers and sellers, as it suggests a balanced and stable market.

Now, let’s talk about the List to Sold Price percentage. In Plano, we’re seeing a strong market with a 98.6% List to Sold Price ratio. What does that mean for you? It means that, on average, sellers are receiving nearly the full asking price for their homes. This is a great indicator of the demand and competitiveness in our market.

Ah, the Median days on market. This is another important metric to consider. In Plano, homes are spending an average of 27 days on the market before being sold. That’s less than a month! This tells us that there’s a healthy demand from buyers, and if you’re selling your home, you can expect it to move relatively quickly.

Last but not least, let’s talk numbers. The Median Sold Price in Plano is currently sitting at $530,000. Now, this is just a midpoint, representing the middle price of all homes sold. Keep in mind that prices can vary depending on various factors such as location, size, and condition. But overall, it’s great to see a strong median price, indicating a healthy and stable market.

So, there you have it folks! Our market update for September 2023 in Plano, Texas. Whether you’re buying or selling, these numbers provide valuable insights into our current real estate landscape. If you have any questions or are considering making a move, don’t hesitate to reach out to me at Ebby Halliday, REALTORS. I’m here to help you navigate the process and find your dream home or achieve the best possible outcome for selling your property.

Thanks for stopping by today, and remember, in the ever-changing world of real estate, knowledge is power. Stay informed, stay engaged, and until next time, take care!