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

According to a blog post, 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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