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Plano Texas Real Estate Blog - Local Plano Real Estate.

Helping You Make Better Real Estate Decisions - Advice, Opinion, Trials, Tribulations of the Dallas Real Estate Market and Community Resource Guide * 24 Hour Real Estate *

Wednesday, 25 July 2012
Low Inventory in West Plano
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.
Posted by: Terry Smith - Broker Owner Smith & Smith Realty - 214.755.9895 AT 02:25 am   |  Permalink   |  Email
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Just Listed! 3225 Oak Hollow, Plano, 75093 -MLS 11927773 - Hills at Prestonwood, Plano Schools, Hard to find 5 bdrm,4.1 bath, 4589 sq ft, .45 acre lot, pool & spa-Updated, Lux Spa Master Bath & Outdoor Livng Area--$629K, See more info on this property. Call or text for private showing, 214.415.9829

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