Dallas Area Residential Sales Report – Plano Condos and Townhomes

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

Let’s dive into the numbers. Currently, we have a 4.97 Months Supply of Inventory in Plano. This means that if no new homes were listed, it would take just under 5 months to sell all the condos and townhomes on the market. Over the last 12 months, we have seen a significant increase of 71.38% in Months Supply of Inventory, indicating a shifting market.

Moving on to the List to Sold Price percentage, we are looking at a strong 97.2%. This means that on average, condos and townhomes in Plano are selling for 97.2% of their listing price, showing that sellers are still able to command good prices for their properties.

The median days on market in Plano is 37, indicating that they are moving relatively quickly in this area. And the median sold price currently stands at $334,950, reflecting a stable and healthy market.

Whether you’re a buyer or seller, these numbers can provide valuable insights into the current real estate market in Plano. If you’re thinking about making a move, now is a great time to get in touch with a REALTOR® to discuss your options.

Thank you for dropping in, and I look forward to helping you with all your real estate needs in Plano, Texas. Stay tuned for more market updates and tips from me. Have a great day!