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December 2020
Plano TX
Real Estate Market Insider

Plano Homes December 2020 Average Home Prices

The Plano TX Real Estate Market Insider Report
December 2020

According to the most recent data released by the NTREIS MLS for December 2020, the Plano real estate market still isn’t keeping up with demand.

The Bottom Line

The Plano housing market in December saw a continued slide in available inventory resulting in 62.6% fewer Plano homes for sale then the same time last year. As can be expected, this resulted in a 14% increase in average Plano home sale prices in 2020.

We continue to be in a sellers market for those with Plano real estate for sale as well as all of Collin county TX real estate.

Let's Take A Look At The December 2020 Real Estate Market
Stats For Plano TX

December 2020 Plano Real Estate Statistics

New Listings: 185
(Up +27.6% from last year)

Sold Listings: 275
(Up +20.1% from last year)

Total Active Listings: 182
(Down -62.6% from last year)

Avg. Sale Price: $453,846
(Up +14.0% from last year)

List Price vs Sold Price Ratio: 99.5%
(Up +2.9% from last year)

Days on the Market: 12
(Down -58.6% from last year)

Months Supply of Homes: 0.7
(Down -66.7% from last year)

For the past few months, we’ve had more homes sold than homes being listed for sale. Every month since July our available inventory of Plano homes for sale keeps shrinking. In December, there was only 0.7 months of inventory which is almost 68% less available Plano homes than the same time last year.

Complimentary Comparitive Market Analysis

For a more detailed look at your particular area or neighborhood, give us a call and we will put together a complimentary Comparative Market Analysis so that you can be more informed in your Plano Real Estate or Collin County Real Estate decisions.

New vs Sold Listings

New Listings

185

↑ +27.6%

Sold Listings

275

↑ +20.1%

Last Year
New: 145 / Sold: 229

Total Active Listings

182
Active Listings

-62.6%

Last Year
487 Active Listings

Average Home Price

$453,846

+14.0%

Last Year
$397,975

Days On The Market

12
Days

-58.6%

Last Year
29 Days

List Price vs Sold Price

99.5 %
Of Asking Price

+2.9%

Last Year
96.7% Of Asking Price

Let Us Help You Sell Your Plano Home!

Our team of real estate agents is very experienced in all aspects of real estate in the North Texas area. Our contacts in the industry among builders, surveyors, and land planners are invaluable for our clients. We are looking forward to serving you and showing some of the finest properties in the DFW area! Contact us using this form or give us a call, and let’s get started!

Phone: +1 214-225-9545
101 E. Park Blvd. ,Ste 600 Plano, TX 75074

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