Hello everyone, I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS, bringing you the latest market update for April 2024 in the vibrant city of Plano, Texas.

Currently, we are seeing a 2.44 Months Supply of Inventory in Plano. This means that if no new homes were to come on the market, it would take just over 2 months to sell all the homes currently available. Over the last 12 months, we have seen a 46.99% increase in Months Supply of Inventory, indicating a trend towards a more balanced market. 6 months is considered a balanced market and we are still a long way from that number.

The List to Sold Price percentage in Plano is an impressive 100%, showing that homes are selling for exactly what they are listed for or more. We are also seeing multiple offers.This is great news for sellers who can expect to receive full value for their properties.

The median days on market in Plano is just 21 days, indicating a quick turnaround for homes that are priced right and in good condition. Buyers should be prepared to act fast in this competitive market.

The median sold price for homes in Plano is $522,000, showing a strong market with healthy appreciation. Sellers can expect to receive top dollar for their properties in this desirable city.

Thank you for dropping in to this market update. If you have any questions or are looking to buy or sell in Plano, Texas, don’t hesitate to reach out to me. I’m here to help you navigate the real estate market with confidence. Until next time, happy house hunting!