Price Cuts Low Point in Plano Real Estate Market

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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Demographic facts about Plano:

  • 17 years old is the median age of all the homes in the area.
  • The job growth rating in this area is 99. (Scale: 1 = Worst, 100 = Best)
  • Schools spend an average of $4,712 for each student in this area. ($5,691 = national average)

Data reported through 10/12/2016

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Fathom Realty
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Keller Williams North Country
Snapped 15 homes in this area
PROVIDENCE GROUP REALTY
Snapped 81 homes in this area

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