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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
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.
$511,684
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C4 Home and Land Team, PLLC
Corporate Office
101 E. Park Blvd., Ste 600
Plano, TX 75074
Phone: 214-760-6770
Our mission is to ensure your home buying, home selling, or relocation process are stress-free by leveraging our vast knowledge of local markets and strong negotiating skills to help you get the best price on your home.
The real estate market is changing every day. You need an experienced real estate team like C4 Home and Land, who tracks interest rates and buying and selling market trends, to help you decide the best time to buy or sell a home.
© 2023 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or C4 Home and Land Team. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than C4 Home and Land Team are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker.
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