Dallas Area Residential Sales Report for January - Plano, TX
Sales down. Prices up. Inventor down!
Sales were off by 5% compared to last January. Pending sales took at 41% decline. The average sales price increased 21% while the median sales price increased a whopping 59% as a shortage of inventory pushes prices upwards. Speaking of inventory, new listings fell by 35%. Active listings were down 51% compared to last year. The months of inventory now stands at 0.2 months. 6 months is considered a balance market. we have a log way to go to get there.
Sales: 190
Average Sales Price: $572,178
Median Sales Price: $ 481,000
Pending Sales: 172
New listings: 159
Active Listings: 50
Months of Inventory: 0.2 months
Information provided by The Texas Real Estate Center
#mariesellsdallas #realestateplano #homesforsaleplano
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