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
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.
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!
We respect your privacy! Your information WILL NOT BE SHARED, SOLD, or RENTED to anyone, for any reason outside the course of normal real estate exchange.