The condominium market in Plano, TX, during August 2025 demonstrates a marked departure from the highly competitive seller-centric environment that has characterized recent years. This market is now defined by a discernible increase in inventory and a moderation of key performance metrics, creating a more balanced and, in some instances, a more favorable landscape for prospective buyers. While overall median prices for condos have shown a mixed pattern depending on the specific zip code, the general trend indicates price stabilization, and in some cases, a modest correction from peak values.

A significant shift is evident in the days on market, with condos now taking longer to sell on average than they did a year ago. This extended sales cycle is a direct result of the growing supply of available units. This increase in inventory empowers buyers with more options and reduces the sense of urgency that previously drove bidding wars and unconditional offers. Consequently, sellers are finding it necessary to be more flexible on pricing and terms, with a lower percentage of condos selling at or above their list price compared to last year.

Recap: The Plano condo market in August 2025 is no longer experiencing the rapid appreciation and intense competition that defined recent periods. Instead, the market is characterized by expanded inventory, a slower sales pace, and a softening of pricing metrics. This represents a strategic window for buyers who are now equipped with more time, choice, and negotiating leverage. For sellers, success hinges on realistic pricing and effective marketing to stand out in a less frenzied, yet still active, market.

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Marie Walton, GRI REALTOR & ASSOCIATED BROKER (972) 816-5197 mariewalton@ebby.com View Website Ebby Halliday – North Dallas 16000 Preston Road, Suite 100 Dallas TX 75248