Hi everyone, I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS. Today, I want to give you a market update for December 2024 in Plano, Texas. Whether you’re a buyer or seller, this information is important for you to know.

Let’s dive into the numbers. Currently, there are 2.92 Months Supply of Inventory in Plano. Over the last 12 months, Months Supply of Inventory has increased by +55.32%. This means there are more homes available on the market compared to last year. However inventory remains lowand fvors the seller.

The List to Sold Price percentage is 97.5%, showing that homes are selling close to their list price. This is great news for sellers as it indicates a strong market.

The median days on market is 45, which means that homes in Plano are selling relatively quickly. Buyers should be prepared to act fast when they find a home they love.

Lastly, the median sold price in Plano is $550,000. This is important information for both buyers and sellers to understand current market trends.

Overall, the real estate market in Plano is active and competitive. If you’re thinking about buying or selling a home, now is a great time to make a move.

Thanks for dropping in to this market update. If you have any questions or are interested in buying or selling a home in Plano, feel free to reach out to me. Have a great day!