Plano Residential Home Sales For December 2016 Lower 6.7%

By
Real Estate Broker/Owner with DFW Team Realty
December 2016 Real Estate Market Summary for Plano, TX (MLS Area 20)
  Month Year to Date
  2016 2015 % Change 2016 2015 % Change
New Listings 226 185 -18.1 4786 4705 -1.7
Closed Sales (Reported) 312 291 -6.7 3880 3789 -2.3
Closed Sales (Projected) 312 327 4.8 3880 3825 -1.4
Listings Under Contract 210 190 -9.5 3942 3743 -5.0
Average Sales Price $319,353 $369,955 15.8 $338,336 $358,592 6.0
Median Sales Price $293,500 $332,875 13.4 $290,000 $315,000 8.6
Percent of Original Price Received 98.0 97.0 -1.0 99.0 98.5 -0.5
Days on Market Until Sale 35 38 8.6 27 29 7.4
Inventory of Homes for Sale 420 459 9.3      
Months Supply of Inventory 1.3 1.5 11.9      

In December 2016 the number of property sales saw a dip of 6.7% from December 2015, with 291 sold total. There was a decrease of 2.3% in the number of real estate sales reported year to date from December last year. There were 3789 real estate sales reported this year. The number of projected residential properties sold in December 2016 was 327 total, a gain of 4.8%. The number of projected homes sold year to date in Plano was at 3825, a slump of 1.4%. In Plano in December 2016 the number of new listings showed a decrease of 18.1%, with 185 new on the market total. The number of new residential properties year to date underwent a dip of 1.7%, with 4705 new on the market total this year. In Plano contract listings in December 2016 reached 190 total, a down-slide of 9.5% from December last year. Year to date listings under contract in Plano saw a slump of 5% in contrast to last year, with 3743 listings under contract total this year. The number of months supply of houses on the market in December 2016 was at 1.5 total, an improvement of 11.9%. In Plano properties for sale in December 2016 was up 9.3%, with 459 properties for sale total this month. This month there was an improvement of 8.6% in days on market until sale from the same time of year 2015. There were 38 days on market until sale total this month. The total percent of list price received in Plano in December 2016 was lower 1%, with 97.0 percent of list price received this month. In Plano percent of original asking price received year to date underwent a drop of 0.5%, with 98.5 percent total this year.

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Texas Collin County Plano
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Jim Crawford
Crye-Leike REALTORS® - Atlanta, GA
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Thank you for taking the time to prepare and share this information.  Excellent!  It's most informative.

Feb 15, 2017 06:41 AM #1
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Bob Baesmann

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