January 2021
The Plano TX Real Estate Market Insider Report
January 2021
According to the most recent data released by the NTREIS MLS for January 2021, the Plano real estate market is still short on inventory.
The Bottom Line
The Plano housing market in January saw a continued slide in available inventory resulting in 68.4% fewer Plano homes for sale then the same time last year. As can be expected, this resulted in a 6.4% increase in average Plano home sale prices over January of last year.
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 January 2021 Real Estate Market
Stats For Plano TX
January 2021 Plano Real Estate Statistics
New Listings: 226
(Down -12.1% from last year)
Sold Listings: 187
(Up +5.6% from last year)
Total Active Listings: 154
(Down -68.4% from last year)
Avg. Sale Price: $461,237
(Up +6.4% from last year)
List Price vs Sold Price Ratio: 98.9%
(Up +3.6% from last year)
Days on the Market: 10
(Down -75.0% from last year)
Months Supply of Homes: 0.6
(Down -70.0% from last year)
For the first time in several months, we had less homes sold than homes being listed for sale. Even with this increase in new listings, every month since July our overall available inventory of Plano homes for sale keeps shrinking. In January, 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
226
↓ +12.1%
Sold Listings
187
↑ +5.6%
Last Year
New: 257 / Sold: 177
Total Active Listings
154
Active Listings
-68.4%
Last Year
487 Active Listings
Average Home Price
$461,237
+6.4%
Last Year
$433,482
Days On The Market
10
Days
-75.0%
Last Year
40 Days
List Price vs Sold Price
98.9
%
Of Asking Price
+3.6%
Last Year
95.5% 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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