November 2020
The Plano TX Real Estate Market Insider Report
November 2020
According to the most recent data released by the NTREIS MLS for November 2020, the Plano real estate market isn’t keeping up with demand.
The Bottom Line
The Plano housing market is being squeezed by a severe lack of inventory. We had 54.4% fewer homes for sale then the same time last year.
This has created a sellers market for those making moves rights now.
Let's Take A Look At The November 2020 Real Estate Market
Stats For Plano TX
November 2020 Plano Real Estate Statistics
New Listings: 224
(Down -13.5% from last year)
Sold Listings: 251
(Up +28.1% from last year)
Total Active Listings: 349
(Down -54.4% from last year)
Avg. Sale Price: $436,604
(Up +15.9% from last year)
List Price vs Sold Price Ratio: 99%
(Up +3.8% from last year)
Days on the Market: 27
(Down -47.1% from last year)
Months Supply of Homes: 1.2
(Down -59.3% 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 homes for sale keeps shrinking. In November, there was only 1.2 months of inventory which is almost 59% less available 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
224
↓ -13.5%
Sold Listings
251
↑ +28.1%
Last Year
New: 278 / Sold: 161
Total Active Listings
349
Active Listings
-54.4%
Last Year
579 Active Listings
Average Home Price
$436,349
+13.8%
Last Year
$383,495
Days On The Market
10
Days
-72.2%
Last Year
36 Days
List Price vs Sold Price
98.9
%
Of Asking Price
+3.8%
Last Year
95.2% 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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