The attached market report for Plano is a year over year comparison 2008 to 2009.
- The median price for houses sold went up from $199,900 in November to $219,440 in December.
- The average days on market for homes sold remained unchanged at 64 days.
- The average days on market for homes for sale went up from 115 days in November to 121 days in December.
- The number of houses sold was down from 203 in November to 170 homes sold in December.
List price vs. sold price - This statistic indicates what a person may feel that their house is worth, vs. what it actually sells for.
In December 2009, the median price for homes for sale was $259,900. However, the median price that homes actually sold for was $219,440.
That's a discrepancy of $40,460. This calculation indicates that homes sold for $40k+ less than what the home owner may have wanted it to sell for.
This is an important statistic to keep in mind if you are looking to sell your home.
With the economy the way it is, you need someone on your side that can work with you to find the best price in today's market. I would be glad to assist you through this process!
If you would like to review last month's market reports, click this link:
http://activerain.com/blogsview/1396433/plano-market-reports-november-2009
If you are looking to buy or sell a house in this area, contact me anytime!
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