March 9

Plano Housing Market March 2023

The Plano Housing Market Report for March 2023 reveals the median sales price for single family homes continues to rise.  The past seven day snapshot, as of March 8,2023, shows 56 closings.  This is more than double of new listings on the market for the same period.  Please note that the parameters set up for this data were for single family homes and resale.  New home construction was not included.  For current complete market details, visit our Plano Texas Housing Market page which has up to date interactive charts on the Plano housing market.  Data is gathered from the NTREIS, North Texas Real Estate Information Systems, same database licensed agents use for their analysis.  The below information was taken from the MLS for this time period for your reference.    

Plano Texas Real Estate Update

7 day Snapshot as of March 8,2023 from the MLS

  • 27 - New Listings
  • 13 - Back on Market
  • 21 - Price Decrease
  • 04 - Price Increase
  • 00 - Active KO
  • 42 - Active Option Contract
  • 07 - Active Contingent
  • 48 - Pending
  • 56 - Closed Sales
  • 09 - Expired
  • 08 - Cancelled
  • 00 - Withdrawn
  • 00 - Hold
  • 11- Coming Soon

The information above is for information purposes only.  Market data constantly changes on a daily basis.  Contact us for current information, questions, comments or concerns.  

Plano Housing Market Trends

The charts below are provided to give a visual of trends.  The Plano housing market for Median Sales Price has been on an uptrend for quite some time.  Plano does however have its dips as well.  The below is data as of March 9, 2023 and is static data for the close of February 2023 statistics.  The video above was taken on March 8, 2023.   For the most current trend charts Click Here, that page has interactive data, meaning it is constantly being updated. 

Median Sales Price For Plano

The median sales price is probably the single largest factor contributing to the Plano Housing market.  Although down from a high of $580k, the market is back on an uptrend.  

  • $499,500
  • + 9.7% yoy
  • Down from high of $580k
  • Rising since Nov 2022

Median Price Per Sq Ft

The price per sq ft comes from dividing the closed sales price by the square footage of the home.  The downtrend seems to have stopped for now.

  • $208
  • - 3.7% yoy
  • Down from high of $235
  • Was $201 Dec '22 and Jan '23 

Median Days on Market

The median days on market is an indicator on the speed of the market.  The lower the days, the faster the market moves.  Half the houses sold above and the other half sold below the 24 days on market.  

  • 24 DOM
  • + 380% yoy
  • Down from 33 in Dec '22
  • Market Gaining Speed

Months Supply

The Plano supply is low at the moment, below 1 month.  Solds outpacing the new listings contribute to this low housing inventory.

  • 0.8 - less than a month
  • + 100% yoy
  • Recent high of 1.9 months
  • Lack of new lisitngs

Plano Homes For Sale

This is the active homes for sale in the Plano Housing Market.  This metric is typically very cyclic, meaning it normally falls in the winter/holidays and rises in spring summer.  

  • 164 Plano Homes for Sale
  • + 47.7% yoy
  • Late high of 432
  • Typically Rises in Spring

New Plano Listings

The new listings metric is also very cyclic.  Currently the new listings appear to be less than recent history for this month.  Should rise by next month.  

  • 142 New Plano Listings
  • - 15% yoy
  • Had 409 in June '22
  • Lower than normal

Closed Sales in Plano

Plano closed 159 real estate transactions for the month of February 2023.  Closings seem to be back on the rise.  

  • 159 Closed Sales
  • + 24.2% yoy
  • High of 260 in June '22
  • Rising since Nov 2022

#1 Complaint  for Real Estate Agents

It has been noted that the biggest complaint for agents is lack of communication.  The challenge is that we all have our preference on our best way to accomplish this.  When submitting your questions, let me know the best way and best time to contact you.  Click "Text Me Now" and let me know or  Click "Contact Me Now" to send me a message.