Hello and welcome, I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS. Today, I’m excited to bring you a market update for the month of July 2024 in the vibrant city of Plano, Texas.
Let’s start with inventory levels. Currently, there is a 3.45 months supply of inventory in the market. This means that if no new homes were listed, it would take 3.45 months to sell all existing homes. Over the past year, we have seen a 41.39% increase in inventory levels, giving buyers more options to choose from.
The List to Sold Price percentage is currently at 98.3%, showing that sellers are getting close to their asking price. This indicates a healthy and competitive market for both buyers and sellers.
The median days on market is 27, which means that homes are selling relatively quickly in Plano. This is great news for sellers looking to move quickly.
And finally, the median sold price in Plano is $540,000. This shows a strong and stable real estate market in the area.
Thank you for dropping in on this market update. Whether you’re a buyer or a seller, I’m here to help you navigate the real estate market in Plano, Texas. Feel free to reach out to me at the number or email below for all your real estate needs. Remember, when it comes to buying or selling a home, trust a professional. Thank you and have a wonderful day.
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Marie Sells Dallas 