Good day, everyone! My name is Marie Walton, and I am a REALTOR® with Ebby Halliday REALTORS. Today, I am excited to bring you the latest market update for January 2024 in the vibrant city of Plano, Texas.

Let’s dive right in, shall we? Plano’s real estate market has been bustling with activity, and it’s an exciting time for both buyers and sellers alike.

Currently, we have a 1.7 Months Supply of Inventory, indicating a strong seller’s market. Over the last 12 months, we have seen a positive trend with a 5.59% increase in the Months Supply of Inventory. This shows a consistent demand for housing, making it an opportune time for sellers to list their properties.

Another interesting aspect to note is the List to Sold Price percentage, which stands at an impressive 97.3%. This indicates that sellers are receiving offers close to their asking price, highlighting the competitiveness in the market.

For buyers looking to make a move in Plano, it’s important to be prepared and act swiftly. The median days on market currently sits at 34 days, which is relatively low. This means that properties are selling quickly, and buyers need to be proactive in their search to secure their dream home.

Now, let’s talk about the median sold price. In January 2024, the median sold price in Plano is $510,000. This demonstrates the value and desirability of homes in our city, making it an attractive option for buyers looking to invest in a thriving community.

In summery Plano’s real estate market continues to be favorable for sellers, with a limited supply of inventory and competitive offers. However, buyers can still find opportunities in this market, provided they act swiftly and work with a knowledgeable REALTOR®.

If you have any questions or are interested in buying or selling a property in Plano, Texas, please don’t hesitate to reach out to me. I am here to assist you every step of the way.

Thank you for joining me today. Remember, the Plano real estate market is filled with exciting opportunities, and I look forward to helping you navigate it. Until next time, take care!