Plano Area Real Estate - May 2012
So here's the real story, the data you find here are not projections, this is real data from the MLS at 9:30 AM on Saturday. Is the market better? Yes! Is it still challenging? Yes! However, indicators are going the right way for North Texas. As far as Plano goes, the problem is with the dwindling housing inventory. Homes for sale are down 27.5% from last year around a 4 month supply, that's low, see 2nd chart below, 6 month is a balanced market. We need another 500 homes on the market to be healthy. Thinking about selling? Call us to find out more about your specific area. All other signs are very positive for the Plano real estate market.
- Median Sales Price up 3.7%
- $ per Sq Ft - $101.
- Days on Market only 54 days
- Pending Sales up 16.2%