Plano home sales were up 7% in February 2014

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Plano home sales were up 7% in February 2014 compared to the same month last year with 234 homes selling this month. So far this year, there have been 434 home sales, which is an increase of 3% from last year.

New real estate listings in the Plano area have decreased 21%, with 299 homes listed this month, compared to the same period last year. So far this year, overall home listings have decreased 13%, with 613 homes listed. The number of listings under contract decreased 23% this month, with 266 homes contracted. The number of listings under contract for the year to date decreased 10%, with 536 homes under contract. The current supply of active listings on the market this month was 412 homes, a 35% decrease from the same month last year. There was a 1.2 month supply of homes on the market, which is a 46% decrease from last year.

The average sales price of a home in the Plano area this month was $274,365, up 1.6% from this month last year. For the year 2014, the average sales price was up 4%, at $277,193. On average, sellers have received 96% of their asking price this month, which is an increase of 3% from last year. For the year to date, sellers received 96% of their asking price, a change of 3%. This month, homes spent an average of 43 days on the market until sold, which represents a decrease of 37% from last year. For the year to date, the average number of days on the market was 44, a decrease of 35%.

Plano real estate information, known as MLS Area 20, is reported by area in the North Texas Real Estate Information System. The information in this report is believed reliable, but is only as accurate as reported by the system in the month of February 2014.

The DFW area is also known as the Dallas Fort Worth Metropolitan Statistical Area, a title designated by the U.S. Census Bureau, which encompasses 12 counties within the state of Texas. The area is divided into two metropolitan divisions: Dallas Plano Irving and Fort Worth. It is comprised of over 70 cities, both incorporated and unincorporated. The DFW Metroplex is, by population, the largest metropolitan area in Texas, the largest in the South, the fourth-largest in the United States, and the tenth-largest in the Americas. The DFW Metroplex encompasses over 9,000 square miles of total area, making it larger in area than the states of Rhode Island and Connecticut, combined. It also has the sixth-largest gross metropolitan product (GMP) in the United States, and is approximately tenth-largest by GMP in the world.

You can register on our website to have monthly updates on your city and neighborhood automatically emailed to you from the Plano Home Values Report. Search Plano Texas homes, foreclosures, and short sales to find homes in Plano. Research current Plano home values at Plano Home Values. This service is FREE and available without any obligation from DFWTeamRealty.com.

Plano Texas Real Estate February 2014

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