Plano's housing market is sending clear signals this week. With 74 price reductions compared to just 2 increases, sellers are adjusting expectations—but well-priced homes are still closing in 35 days at 98.52% of list price. Whether you're buying or selling, understanding these trends is crucial for making smart decisions in today's market. Get the full breakdown of what's happening right now.

September 2023 marked a turning point in Plano's real estate market. For the first time since winter, the sold-to-list ratio dropped below 100%, signaling buyers could finally negotiate prices down. With inventory at yearly highs and homes averaging 16 days on market, the frenzied bidding wars were cooling—though prices remained strong at $530K median, up 5% year-to-date.

August 2023 brought an interesting contradiction to Plano's market: sales volume hit a yearly high of 196 homes while the median price dipped to $525,500. With 1.5 months of supply and homes taking 13 days to sell, the market was cooling from its frenzy but remained firmly in seller territory. The key shift? Negotiability was returning as 7% mortgage rates made buyers more selective about value.

July 2023 saw Plano's lowest sales volume since March—just 175 homes—as mortgage rates hit the sevens and buyers pulled back. Yet prices climbed to $560,000, continuing 2023's upward trajectory. The "lock-in effect" kept inventory tight at 1.6 months of supply, but negotiability was returning with 44% of homes selling below asking. A rare buyer opportunity window was opening.

June 2023 marked Plano's strongest month with 196 homes sold and prices hitting $555,000—up 9.7% year-to-date. With just 1.3 months of supply and homes selling in 8 days or less, the seller's market showed no signs of slowing. Two-thirds of sellers received full asking price or more as the supply-demand imbalance kept competition fierce and negotiability scarce.

May 2023 brought a surprising return of aggressive multiple offers to Plano's market. With 192 homes sold and just 1 month of supply, two-thirds of sellers received full asking or more. The top 10% of homes commanded 108%+ of list price, proving bidding wars were back. Half of all homes sold in a week or less at a median of $540,000 as spring competition intensified.

April 2023 brought the return of aggressive competition to Plano's market with just 0.9 months of supply—the tightest inventory of any DFW city. While only 180 homes sold, prices held at $530,000 and 65% of sellers received full asking or more. The top 10% of homes commanded 108%+ of list price as buyers competed for well-presented properties in a market with 8-day median absorption.

March 2023 marked spring's arrival with accelerating activity—days on market cut in half to just 11 days as buyers returned in force. With 170 homes sold at a median of $531,500 and less than one month of supply, multiple offers came back with 55% of sellers receiving full asking or better. The market shift? Buyers were pickier, but competition was intensifying.

February 2023 defied national crash predictions with Plano prices climbing to $516,260—up 11.5% year-over-year. With only three weeks of supply and 161 sales, the market remained firmly in seller territory at 99% sold-to-list ratio. Days on market at 24 signaled accelerating activity as spring approached, with top homes attracting 3% premiums and multiple offers returning.

January 2023 brought modest sales of 108 homes at $506,250 median, but the story was inventory dynamics—of 145 homes available, only 65-75 were truly competitive while "stale" inventory sat overpriced or poorly presented. With 1.3 months of supply and 98% sold-to-list, buyers had more options than 2022 but sellers with turnkey homes still captured full value.

December 2022 closed with 137 Plano sales at $490,000 median, entering 2023 with 1.8 months of supply and 245 homes available. The 98% sold-to-list ratio and 32 days on market signaled a return to sustainable seller's market dynamics. The 2023 prediction? Stable 3-4% growth as institutional investors continued pouring capital into single-family homes while inventory remained constrained.

November 2021 delivered 237 sales while the median price hit $470,000 (tied annual high). Buyers paid 102% of asking, with homes selling in 6 days. Only 137 homes (≈2-week supply) remained, +22% YoY. West Plano median $632.5K (102% sold-to-list, 6.5 DOM), Central $440K (102%), East $395K (100%). Buyers must be prepared; sellers can capture premiums.

February 2021 matched last year’s volume at 198 sales while the median hit $395,000 (up 7% YoY) with buyers paying 101.4% of asking in 7 days. The top 10% commanded 108% premiums in bidding wars. With just 81 homes available (0.4 months supply), the super seller’s market emerged across all price points. Strategic preparation separated good outcomes from extraordinary.