MLS Data Co-op Results for Plano, TX 75093
There is so much new technology to use on the MLS it's just fascinating the level of detail and true data that can be realized by the click of the mouse, finger or keyboard. The chart above gives actual activity in 75093 for the month of May.
Blue: 240 Active Listings - down 28% or more from last year. (yikes!)
Pink: 73 Properties under contract - up 15% or so from last year.
Red: 49 Properties Sold - up 2% from last year so far, I predict a 10% increase.
Gray: 16 Properties Off-Market
The Take Away - Inventories are so low that properties are going under contract within days of listing. Buyers seem to be back now that schools out and activity is more normal, perhaps this will convince sellers to jump back in the market. New listings are desperately needed. Just ignore the national news, real estate is local and the North Texas real estate market is healthy and getting better.
If you'd like a broker that uses the most accurate real estate data available, please give a call. Just like you we like no surprises when it comes to making a real estate investment.
Have a great weekend.