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
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.
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