Hi there, I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS, and today I’m here to give you a market update on Condos and Town Homes for September 2024 in Plano, Texas.
Let’s start with some key data points. Currently, there are 6.52 Months Supply of Inventory in Plano. This means that if no new homes were to come on the market, it would take 6.52 months to sell all the condos and town homes currently available. Over the last 12 months, Months Supply of Inventory has increased by a significant +130.39%.
The List to Sold Price percentage is sitting at 97.1%. This means that, on average, condos and town homes in Plano are selling for 97.1% of their list price.
The median days on market is 38 days. This means that half of the condos and town homes in Plano are selling in less than 38 days, while the other half are taking longer to sell.
And finally, the median sold price in Plano is $383,000. This is the middle point of all the condos and town homes sold in the area, with half selling for more and half selling for less.
So, what does all this data mean for buyers and sellers in Plano? Well, it’s important to stay informed and understand the market trends in order to make informed decisions. Whether you’re looking to buy or sell, it’s always a good idea to work with a knowledgeable REALTOR® who can guide you through the process.
If you have any questions or are looking to make a move in the Plano area, feel free to reach out to me at the phone number or email below. Thank you for dropping in and follow me for more market updates.
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Marie Sells Dallas 