Plano Housing Sales For February 2016 Are Higher 1.7%

By
Real Estate Broker/Owner with DFW Team Realty
February 2016 Real Estate Market Summary for Plano, TX (MLS Area 20)
  Month Year to Date
  2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 238 242 1.7 435 456 4.8
Closed Sales (Projected) 238 272 14.2 435 486 11.7
Listings Under Contract 251 270 7.6 513 549 7.0
Average Sales Price $333,018 $338,342 1.6 $332,214 $332,740 0.2
Median Sales Price $272,013 $289,450 6.4 $268,000 $285,500 6.5
Percent of Original Price Received 98.6 98.2 -0.4 98.1 97.8 -0.4
Days on Market Until Sale 36 39 10.2 41 41 1.0
Inventory of Homes for Sale 380 388 2.1      
Months Supply of Inventory 1.2 1.2 2.5      

Reported houses sold this month was higher 1.7% compared to 2015, with 242 reported houses sold this month. Year to date the number of reported homes sold had a rise of 4.8% from last year, with 456 sold total this year. The number of projected homes sold in Plano in February 2016 saw a rise of 14.2%, with 272 projected homes sold total this month. In Plano the number of projected homes sold year to date gained 11.7%, with 486 projected homes sold total this year. This month there was a rise of 8% in new houses in the market in Plano. There were 338 new houses in the market total this month. Newly listed properties in the market year to date saw a hike of 6%, with 634 newly listed properties in the market total this year. In Plano the number of homes listed under contract this month was up 7.6% in contrast to last year, with 270 homes listed under contract total this month. There were 549 homes listed under contract year to date, which was a growth of 7% from February last year. There was a climb of 2.5% in the number of approximate months supply of homes on the market this month. There were 1.2 approximate months supply of homes on the market total this month. This month houses for sale on the market was 388, a growth of 2.1%. The number of days on market until sale this month had a gain of 10.2% relative to last year, with 39 days total. This month percent of original list price received saw a decline of 0.4%, with 98.2 percent of original list price received this month. Percent of original asking price received year to date in Plano was at 97.8, a dip of 0.4%.

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Bob Baesmann

DFW Team Realty | 972-978-8800
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