Buyer's Need More
The biggest problem in real estate right now is not being able to find enough properties for sale. Buyers are out shopping for homes but there just isn't enough to chose from. So, multiple offer situations are common. As you can see above the number of units are down 24.5% from last year. New listings are down 19.8%. Pending sales are up 16.8% and closed sales were up 35% from last year. These numbers are solid for West Plano and a positive indicator. Inventory is the largest factor holding back buyers now because more selection is needed to sustain sales. Any seller's on the fence right now will probably find it a very good time to sell your home.