Sales were only down by 5% in Plano for June. This is a lot better than other areas. The average sales price was up by 9% and the median sales price was up by 11%. while it's always better to be going up than down, I believe this increase was due to more upper end houses selling than some general increase in prices.
The pending sales number was down by 15% but again this was not as bad as other areas.
The number of new listings increased by 6% while the number of active listings jumped 16%. this pulled the months of inventory up to 5.5 months. If you are a buyer this is good news because it means that you now have more homes to chose from.
Sales: 303
Average Sale Price: $466,333
Median Sales Price: $514,000
Pending Sales: 202
New Listings: 468
Active Listings: 1.353
Months of Inventory: 5.5
