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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.
$436,349
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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 – DFW
Phone: 903-560-4975 – Fannin County
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.
© 2024 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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