Plano Market Update – December 2021

MARKET HIGHLIGHTS:

• Median Sold Price: $470,000

• Homes Sold: 237

• Sold to List Ratio: 102%

• Median Days on Market: 6 days

• Current Inventory: 137 homes (~2 weeks supply)

• YoY Price Change: +22%

Plano’s November market delivered a surprise with 237 sales—more than any recent November—while the median price jumped to $470,000, tying the annual high set earlier in the year. After expectations of cooling, buyers continued to bid prices up slightly higher than recent months with the 102% sold-to-list ratio. Absorption accelerated to just 6 days as half of all homes sold in under a week. Year-over-year appreciation reached 22%, making extraordinary wealth building for homeowners.

For buyers, the combination of very low inventory (137 homes, roughly a two-week supply) and high demand means you must be prepared to act quickly and have financing and strategy in place to compete effectively. For sellers, the market provides an opportunity to capture maximum value—those who price and present their homes well continue to achieve 2%+ premiums and quick sales.

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