Hi everyone, I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS, here to give you a market update for August 2024 in Plano, Texas.
Currently, we have a 3.76 Months Supply of Inventory in Plano. This means that if no new homes were to come on the market, it would take 3.76 months to sell all the existing homes. Over the last 12 months, we’ve seen a significant increase of 53.47% in the Months Supply of Inventory. 6 months is considered a balanced market so were are still tilted to the sellers side.
The List to Sold Price percentage in Plano is at a healthy 98%. This shows that sellers are getting close to their asking price, which is great news for those looking to sell their home.
The median days on market in Plano is 33 days. This means that half of the homes are selling in less than 33 days, which is a good indicator of a strong market.
And finally, the median sold price in Plano is $575,000. This is the midpoint of all the homes sold in the area, showing a healthy and stable market.
So there you have it, a quick market update for August 2024 in Plano, Texas. If you’re thinking of buying or selling a home in the area, now is a great time to make a move. If you have any questions or need assistance, feel free to reach out to me at the phone number or email below. Thanks for dropping by!
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Marie Sells Dallas 