Hello everyone, I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS, here to bring you the latest market update for Plano, Texas in May 2024.

Let’s start off with some key statistics that you need to know as a buyer or seller in this market. Currently, there is a 2.69 Months Supply of Inventory in Plano. This means that there is a limited number of homes available for sale, which could potentially lead to increased competition among buyers.

Over the last 12 months, the Months Supply of Inventory has increased by a significant 62.05%. This could indicate a shift in the market towards a more balanced or even a buyer’s market, so it’s important to stay informed and adapt your strategy accordingly. However we are still very much in a sellers market.

In terms of pricing, the List to Sold Price percentage in Plano is at an impressive 99.3%. This shows that homes are selling very close to or over their list price, indicating a strong seller’s market.

The median days on market in Plano is currently 23 days, which is relatively fast-paced. Homes are selling quickly, so it’s crucial to act swiftly if you find a property that meets your criteria.

Lastly, the median Sold Price in Plano is $556,500. This is a significant figure to keep in mind whether you’re looking to buy or sell a home in the area.

Overall, the real estate market in Plano, Texas is dynamic and competitive. As a REALTOR®, I am here to guide you through the process and help you make informed decisions based on the latest market trends.

If you have any questions or are interested in buying or selling a home in Plano, feel free to reach out to me at Ebby Halliday REALTORS. Thank you for dropping in and check back for more updates.