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
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.
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