Plano Residential Home Sales For February 2016 Up 1.7%

February 2016 Real Estate Market Summary for Plano, TX (MLS Area 20)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 238 242 1.7 435 456 4.8
Closed Sales (Projected) 238 272 14.2 435 486 11.7
Listings Under Contract 251 270 7.6 513 549 7.0
Average Sales Price $333,018 $338,342 1.6 $332,214 $332,740 0.2
Median Sales Price $272,013 $289,450 6.4 $268,000 $285,500 6.5
Percent of Original Price Received 98.6 98.2 -0.4 98.1 97.8 -0.4
Days on Market Until Sale 36 39 10.2 41 41 1.0
Inventory of Homes for Sale 380 388 2.1
Months Supply of Inventory 1.2 1.2 2.5

Property sales recorded this month saw a growth of 1.7% from February 2015, with 242 property sales recorded total this month. Housing sales recorded year to date in Plano was at 456, a growth of 4.8% from February 2015. Projected home sales in February 2016 in Plano reached 272 total, an improvement of 14.2%. Year to date there was an increase of 11.7% in the number of projected residential properties sold in Plano. There were 486 projected residential properties sold total this year. In Plano the number of new listings in February 2016 saw an improvement of 8%, with 338 newly for sale total. In Plano year to date new homes in the market was 634 total, a rise of 6%. In February 2016 the number of homes listed under contract had a growth of 7.6% from 2015, with 270 listed under contract total. Year to date the number of listings under contract experienced a growth of 7% from last year, with 549 on contract total this year. In Plano there were 1.2 months supply of housing units on the market in February 2016, which was a climb of 2.5%. The number of residential properties for sale this month in Plano reached 388 total, a climb of 2.1%. In February 2016 in Plano the number of days on market until sale was up 10.2% relative to last year, with 39 days on market until sale total this month. In February 2016 percent of list price received reached 98.2, a decline of 0.4%. In Plano the number of percent of asking price received year to date was lower 0.4%, with 97.8 percent of asking price received total this year.

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Plano Texas Real Estate February 2016

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