Plano, Texas Home Values report for November 2014

Housing sales year-to-date dropped 7% compared to the same period last year, with 3,866 properties sold this year. This month, Plano housing sales dipped 1%, with 260 properties sold.

So far this year, new housing listings are at 4,367 in all. New houses listed year-to-date decreased 8% relative to the same period last year. This month, 237 new homes were listed in Plano, which is a 7% drop from last month. This November, there were 265 homes currently listed in Plano, a 7% gain from the previous month. Cumulatively this year, current listings under contract are at 3,723 overall, which is a 6% fall from a year ago. The average home sales price in Plano gained 16%, with the average sales price at $317,361. The average price for a house was approximately $314,030 year-to-date, which is a 9% growth compared to the same month last year.

Cumulatively this year, the percent of asking price received gained 1% compared to the same month last year, with buyers receiving 98.1%of their list price. The percent of original list price received by buyers this month went up 0%, with buyers receiving 97.7%of their asking price. Cumulatively this year, houses spent an average of 34 days in the market until sold, which is a 14% decline compared to the same month last year. The days on market until sale in Plano grew 21%, at 45 days on market until sale. The market supply of homes in Plano fell 30%, with the market supply of homes at 395 homes. There was a 1.2 month supply of homes this November. The month supply of homes this month in Plano went down 25%.

Plano real estate information, known as MLS Area 20:, is reported by area in the North Texas Real Estate Information System. The information in this report is believed reliable, but is only as accurate as reported by the system in the month of November 2014.

The DFW area is also known as the Dallas Fort Worth Metropolitan Statistical Area, a title designated by the U.S. Census Bureau, which encompasses 12 counties within the state of Texas. The area is divided into two metropolitan divisions: Dallas Plano Irving and Fort Worth. It is comprised of over 70 cities, both incorporated and unincorporated. The DFW Metroplex is, by population, the largest metropolitan area in Texas, the largest in the South, the fourth-largest in the United States, and the tenth-largest in the Americas. The DFW Metroplex encompasses over 9,000 square miles of total area, making it larger in area than the states of Rhode Island and Connecticut, combined. It also has the sixth- largest gross metropolitan product (GMP) in the United States, and is approximately tenth-largest by GMP in the world.

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Plano Texas Real Estate  November 2014

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