Plano, Texas Home Values report for November 2015

Year-to-date, housing sales are at 3,656, which is a 3% drop compared to the same month last year. In November of this year, Plano houses sold dipped 10%, with 270 houses sold this month.

Year-to-date new listings are at 4,558 overall, which is a 4% decrease from a year ago. There were 256 new real estate listings this November, which is a 8% upturn from a month ago. So far this year, current listings under contract have reached 3,738 in all, which is a 1% increase relative to the same month last year. This November, there were 272 houses currently listed in Plano, a 5% surge from a month ago. The average price for a home this November in Plano grew 7% . So far this year, the average price for a house was about $340,256, which is a 8% increase compared to the same period last year.

In November of this year, buyers received 97% of their list price, a 0% rise from the previous month. Buyers sold their houses for 99% of their listed price on average cumulatively this year, which is a 1% upturn relative to the same month last year. Cumulatively this year, homes have spent about 27 days in the market until sold, which is a 15% decrease from a year ago. On average, properties spent 37 days in the market until sold, which is a 5% increase from last month. The current supply of active listings on the market was 450 houses. The market inventory of available homes in Plano fell 3% this month. The month supply of houses this November in Plano rose 0%, with a 1.4 month supply of available homes on the market.

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 2015.

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 2015

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