Hi everyone, I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS, and today I’m here to give you a market update for March 2024 in Plano, Texas.

Let’s dive right in. Currently, we have a 2.28 Months Supply of Inventory in Plano. This means that if no new homes were listed, it would take 2.28 months to sell all the homes on the market. Over the last 12 months, we’ve seen a 53.02% increase in Months Supply of Inventory, which is something to keep an eye on. We are still well short of the 6 months that’s considered a balanced market.

The List to Sold Price percentage in Plano is 99.2%, which means that on average, homes are selling for 99.2% of their list price. This is great news for sellers who can expect to receive a strong offer on their home. A number of homes are selling above list price.

The median days on market in Plano is 26 days, which shows that homes are selling quickly in this market. If you’re a buyer, you’ll want to act fast when you find a home you love.

And finally, the median Sold Price in Plano is $520,000. This is a strong indicator of the health of the real estate market in this area.

Whether you’re a buyer or a seller, it’s important to stay informed about the market trends in your area. If you have any questions or are thinking about buying or selling a home in Plano, feel free to reach out to me at 972-816-5197.

Marie Walton: Thanks for dropping in, and I’ll see you next time with more market updates. Happy house hunting!