Hi everyone, I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS here in Plano, Texas. Today, I want to provide you with a market update on condos and town homes for December 2024.
Let’s dive into the data. Currently, we have a 4.76 Months Supply of Inventory in the Plano market. Over the last 12 months, we’ve seen a significant increase in Months Supply of Inventory, up by 77.61%. This indicates a shift in the market that may impact both buyers and sellers.
The List to Sold Price percentage is currently at 96.6%. This means that condos and town homes are selling at just over 96% of their listing price on average. This can give you an idea of the negotiation power in the market right now.
The median days on market is 69, which is the amount of time it takes for a condo or town home to sell from the day it is listed. This number can give you an idea of how quickly homes are moving in the current market.
Lastly, the median sold price in Plano is $460,000. This can give you an understanding of the average price point for condos and town homes in our area.
As always, it’s important to remember that real estate markets can fluctuate, and it’s crucial to work with a knowledgeable REALTOR® who can guide you through the process.
If you have any questions or are looking to buy or sell a condo ot town home in Plano, feel free to reach out to me at the phone number or email address below. Thank you for dropping in, and come back for more market updates in the future.
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Marie Sells Dallas 