February 2021
The Plano TX Real Estate Market Insider Report
February 2021
According to the most recent data released by the NTREIS MLS for February 2021, the Plano real estate market is even shorter on inventory than usual.
The Bottom Line
The Plano housing market in February saw a continued slide in available inventory resulting in 69.6% fewer Plano homes for sale then the same time last year. This coupled with the significant winter storms that hit Texas resulted in a 34.1% increase in average Plano home sale prices over February of last year.
We continue to be in a seller’s market for those with Plano real estate for sale as well as all of Collin county TX real estate. Many homes are receiving multiple offers within 1-2 days of being on market and with several homes off the market due to needing repairs from the storms this will likely remain through then next couple months.
Let's Take A Look At The February 2021 Real Estate Market
Stats For Plano TX
February 2021 Plano Real Estate Statistics
New Listings: 166
(Down -43.2% from last year)
Sold Listings: 203
(Down -1.9% from last year)
Total Active Listings: 151
(Down -69.6% from last year)
Avg. Sale Price: $511,684
(Up +34.1% from last year)
List Price vs Sold Price Ratio: 100.7%
(Up +4.5% from last year)
Days on the Market: 7
(Down -75.0% from last year)
Months Supply of Homes: 0.6
(Down -70.0% from last year)
February saw a return to normal with more homes sold than homes being listed for sale. In fact, we saw a 43.2% drop in new listings. This trend has continued since July 2020 causing overall available inventory of Plano homes for sale keeps shrinking. In February, there was only 0.6 months of inventory which is 70% 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
166
↓ -43.2%
Sold Listings
203
↓ -1.9%
Last Year
New: 292 / Sold: 207
Total Active Listings
151
Active Listings
-69.6%
Last Year
497 Active Listings
Average Home Price
$511,684
+34.1%
Last Year
$381,486
Days On The Market
7
Days
-75.0%
Last Year
28 Days
List Price vs Sold Price
100.7
%
Of Asking Price
+4.5%
Last Year
96.4% 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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