Plano Real Estate Market Update - April 3, 2026
The Plano residential market opened April with 420 active listings - up only 5 from last week - despite 75 new listings hitting the market, the highest single-week count of 2026. Supply absorption tells the real story. Buyer activity is largely keeping pace with new inventory, keeping inventory low by any reasonable measure. There were 464 homes available during Christmas week, a notoriously slow period. The market has worked through that overhang and is now processing a spring surge without meaningful accumulation. National mortgage rates edged up again to 6.46% - the fifth consecutive weekly increase - yet demand continues to show up.
The contract pipeline holds steady at 262 homes under contract. New listings climbed throughout March, yet inventory hasn't built. Supply is accelerating into spring. So is demand. That's good for the market overall - but it's better for sellers.
Forty price reductions this week signal that the market continues to sort. The 27 expired or canceled listings are slightly elevated but expected at March 31 quarter-end. Homes priced correctly are moving. The median pending DOM of 23 days against a median active DOM of 35 days confirms it - buyers are selecting fresh, accurately priced inventory and leaving the rest behind.
Initial numbers show 171 Plano home sales closed in March. The full breakdown - including year-over-year comparisons, price tier performance, and neighborhood-level data - publishes next week in the March Market Report.
Seventy-five new listings this week is the most selection buyers have seen all year. That gap between available options and competition level doesn't stay open long once April gets going. If you've been waiting for more options, they're here. Act accordingly.
Forty price reductions this week is the market drawing a clear line. Demand is real and absorption is strong, but buyers are writing contracts at 23 days on correctly priced homes and driving past everything else. Spring is working in your favor - but it isn't covering for overpricing
The March numbers are in and the full report drops next week. If you want the early read on what March closed at by price tier - or want to know where your home sits heading into peak spring - reach out.
