Hi everyone, I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS, and I’m here to give you a market update for September 2024 in Plano, Texas.
Let’s start with the inventory levels in the market. Currently, there are 4.37 Months Supply of Inventory, which is an increase of 77.64% over the last 12 months. This means that there are more homes available for buyers to choose from compared to this time last year.
Next, let’s talk about the List to Sold Price percentage, which is currently at 98.3%. This indicates that sellers are receiving, on average, 98.3% of their asking price when their home sells. It’s important to note that this percentage can vary depending on the condition of the home and the local market dynamics.
The median days on market in Plano is 38, which means that homes are selling relatively quickly in this area. This is good news for sellers who are looking to move their properties in a timely manner.
Lastly, the median sold price in Plano is $525,000. This is the middle point of all the homes sold in the area, and it can give you an idea of the overall market value.
Overall, the real estate market in Plano, Texas is showing signs of stability and growth. Buyers have more options to choose from, while sellers are seeing homes move quickly and at a competitive price point.
If you’re in the market to buy or sell a home in Plano, now is a great time to explore your options and make informed decisions. As always, feel free to reach out to me for personalized advice and guidance tailored to your specific needs.
Thanks for dropping in, and I’ll see you next time!
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Marie Sells Dallas 