Plano, Texas home sales increase 11% this month

So far this year, housing sales are at 3,933, which is a 2% decrease from a year ago. This December, there were 276 homes sold in Plano, a 11% surge from last month.

Year-to-date, housing sales gained 5% relative to the same month last year, with 3,933 houses sold. There were 225 new homes listed this month. New homes listed this December in Plano increased 20%. Plano listed homes under contract were at 210 properties during December, which is a 5% upturn from the previous month. Current listings under contract year-to-date climbed 1% compared to the same month last year, with 3,949 houses sold this year. The average selling price was approximately $320,718 this December, which is a 8% upturn from last month. Year-to-date, the average home sales price was approximately $338,473, which is a 8% increase relative to the same period last year.

The percentage of asking price received in Plano grew 0% this month, with buyers receiving 98% of their original price. Buyers received 99% of their listed price on average year-to-date, which is a 1% upturn from last year. Overall this year, properties spent about 27 days in the market until sold., which is a 14% decline compared to the same month last year. The days on market until sale this December in Plano decreased 6%, at 36 days on market until sale. The market inventory of available homes in Plano went up 3%, with 376 being the market supply of homes. In December 2015 there was a 1.2 month supply of houses. The month supply of houses in Plano climbed 5% in December of this year.

MLS Area 20 is the Multiple Listing Service Access number for Plano, as designated by the North Texas Real Estate Information System. There are 13 counties and two major metropolitan regions in DFW – Dallas-Plano-Irving and Fort Worth – which span over 9,000 square miles. The Gross Metropolitan Product of The Dallas Fort-Worth metroplex is sixth largest in the United States and approximately tenth largest in the world. The DFW area is the most populous metropolitan area in Texas and in the South. It ranks fourth in the United States and tenth in the Americas.

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Plano Texas Real Estate December 2015

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