Local Market Stats for 75093

For this week in Plano zip code 75093 for Single Family Homes:

• The Median List Price is $527,000
• Asking Price per Square Foot is $138.
• Average Days on Market is 84
  
• Percent of Properties with a Price Decrease is 57%
• Percent Relisted (reset DOM) is 18%
• Percent Flip (price increase) is 6%
• Median House Size  (sq ft) is 3786
• Median Lot Size 0.25-0.50 acre
• Sold Homes - 28

Inventory and days on market are climbing, perhaps signaling to a weakening market.  There are 357 properties currently on the market and this has been rising. Two months ago average days on market was 58 days - that's a 12% increase.

Local Conditions are currently in a buyer's market, though not strongly.

Buyers should expect reasonable levels of selection and bargaining power depending on how a property is priced.

Seller's are adjusting prices accordingly, last week 57% of properties listed took a price reduction.  This has been common over the last several weeks.

With school starting and the Feds possibility taking a rate cut - this could help generate some fall activity.

This very well could be a buyer's best time for buying a home and getting the price you want as well as low interest rates.

City overview of Plano overview is here.

For more trending info on Dallas click here