Plano Residential Housing Sales For December 2016 Are Down 6.7%

December 2016 Real Estate Market Summary for Plano, TX (MLS Area 20)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
New Listings 226 185 -18.1 4786 4705 -1.7
Closed Sales (Reported) 312 291 -6.7 3880 3789 -2.3
Closed Sales (Projected) 312 327 4.8 3880 3825 -1.4
Listings Under Contract 210 190 -9.5 3942 3743 -5.0
Average Sales Price $319,353 $369,955 15.8 $338,336 $358,592 6.0
Median Sales Price $293,500 $332,875 13.4 $290,000 $315,000 8.6
Percent of Original Price Received 98.0 97.0 -1.0 99.0 98.5 -0.5
Days on Market Until Sale 35 38 8.6 27 29 7.4
Inventory of Homes for Sale 420 459 9.3
Months Supply of Inventory 1.3 1.5 11.9

The number of recorded houses sold in December 2016 in Plano was at 291, a decline of 6.7% compared to December 2015. Year to date the number of real estate sales was at 3789 total, a drop of 2.3% relative to last year. This month there were 327 projected residential housing sales in Plano, and this was a hike of 4.8%. Projected residential properties sold year to date reached 3825, a fall of 1.4%. The number of new house listings in Plano this month underwent a decline of 18.1%, with 185 newly listed total. In Plano year to date new properties listed in the market saw a slump of 1.7%, with 4705 new properties listed in the market total this year. The number of listings under contract this month saw a decrease of 9.5% relative to last year, with 190 listed under contract total. The number of listings under contract year to date saw a dip of 5% from 2015, with 3743 listings under contract this year. In December 2016 there was a hike of 11.9% in the number of approximate months supply of inventory. There were 1.5 approximate months supply of inventory total this month. This month there was an increase of 9.3% in homes for sale. There were 459 homes for sale total this month. In December 2016 days on market until sale in Plano saw a hike of 8.6% relative to last year, with 38 days total. In Plano percent of asking price received this month showed a fall of 1%, with 97.0 percent total. Year to date the number of percent of asking price received saw a slump of 0.5%, with 98.5 percent total this year.

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Plano Texas Real Estate December 2016

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