Dallas Area Residential Sales Report – Condos Plano, Texas

The condo market in Plano is definitely a mixed bag right now. It’s not the frantic, bidding-war-filled scene we saw a couple of years ago. It feels like things are settling down and shifting in favor of buyers.

First off, there are more condos for sale than there have been in a while. Inventory has really jumped up, which means you have more options to choose from and less competition when you find a place you like.

Now, on the price side, it’s a bit of a weird situation. The median listing price is still holding strong, and some sources even show it going up a little. But when you look at what’s actually selling, the prices are starting to come down. This means sellers are still trying to get top dollar, but buyers are successfully negotiating them down. You’re seeing more price drops and homes selling for slightly under the original asking price. So, you’ve got more bargaining power than you did before.

Overall, it’s a great time to be a condo buyer in Plano. You have more choices, more time, and more leverage to get a good deal. Sellers, on the other hand, need to be more realistic with their pricing if they want to get a deal done.