A seven-week negative trend in the number of homes sold was extended this week after the Plano market had 252 transactions over the last 30 days. With 261 price reductions, the lowest amount since July, the market may be looking for a higher price point. When comparing other close-by municipalities within the same period, the most came from Dallas with 1,190 price reductions. The median sales price remained unchanged over the latest reporting period for Plano, coming in at $289,900. With price reductions trending lower and only two months of inventory, Plano is a strong seller's market.
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