Plano Home Sales For January 2017 Are Lower 16.7%

January 2017 Real Estate Market Summary for Plano, TX (MLS Area 20)
Month Year to Date
2017 2016 % Change 2017 2016 % Change
New Listings 296 349 17.9 296 349 17.9
Closed Sales (Reported) 216 180 -16.7 216 180 -16.7
Closed Sales (Projected) 216 202 -6.4 216 202 -6.4
Listings Under Contract 274 285 4.0 274 285 4.0
Average Sales Price $325,707 $366,196 12.4 $325,707 $366,196 12.4
Median Sales Price $283,750 $323,000 13.8 $283,750 $323,000 13.8
Percent of Original Price Received 97.3 97.1 -0.2 97.3 97.1 -0.2
Days on Market Until Sale 43 48 11.5 43 48 11.5
Inventory of Homes for Sale 390 451 15.6
Months Supply of Inventory 1.2 1.4 20.0

Residential housing sales recorded in January 2017 was down 16.7% compared to last year, with 180 residential housing sales recorded this month. Year to date there were 180 home sales reported, and this was a decline of 16.7% in contrast to 2016. In Plano projected housing sales this month dipped 6.4%, with 202 projected housing sales this month. There was a decrease of 6.4% in the number of projected homes sold year to date. There were 202 projected homes sold total this year. This month the number of new home listings climbed 17.9%, with 349 new home listings total this month. Newly listed homes in the market year to date underwent an increase of 17.9%, with 349 newly for sale total this year. In January 2017 the number of homes listed under contract in Plano was 285, an uptick of 4% relative to January last year. Houses listed under contract year to date experienced a gain of 4% in contrast to January last year, with 285 under contract total this year. This month in Plano months supply of housing inventory reached 1.4 total, a rise of 20%. This month homes for sale experienced an improvement of 15.6%, with 451 listed for sale total. This month the number of days on market until sale in Plano was higher 11.5% in contrast to 2016, with 48 days on market until sale this month. Percent of original list price received this month was at 97.1, a slump of 0.2%. The number of percent of original asking price received year to date was 97.1, a down-slide of 0.2%.

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Plano Texas Real Estate January 2017

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