Plano Real Estate Market Update - February 27, 2026
Plano > Market Intelligence > Weekly Update - February 27, 2026CURRENT INVENTORY:
Active Listings: 409
Median Active Price: $589,000
Median Active DOM: 43
Pending Sales: 200
THIS WEEK'S ACTIVITY:
New Listings: 52
Back on Market: 11
Price Decreases: 43
Price Increases: 1
Cancelled & Expired: 13
Closed/Sold: 36
YEAR-TO-DATE PERFORMANCE:
Total Closed Sales: 229
Median Sold Price: $500,000
Median Sold DOM: 48
MARKET ANALYSIS:
Plano's residential market closed February with 409 active listings at a $589,000 median price as mortgage rates officially dropped into the 5% range—the lowest level since September 2022. The impact is unmistakable: the contract pipeline surged to 200 properties, up from 180 last week and 144 three weeks ago, as buyers respond aggressively to financing conditions that haven't existed in nearly two and a half years.
February's final tally tells a complex story. Month-to-date closings stand at 126 homes compared to 176 in February 2025—a 28% decline that reflects the slower start to 2026. However, today being the last business day of the month will likely add significant closing activity over the next few days as end-of-month recordings filter into MLS. Similarly, purchase contracts written this month total 177 compared to 229 last February, though the accelerating pipeline suggests March will show stronger momentum as rate-driven demand converts to contracts.
The market continues its self-cleaning dynamic: 43 price reductions this week alongside 11 cancellations and 2 expirations, while median DOM for active listings held at 43 days—up from 30 two weeks ago but stable from last week's 39. Pending contracts show a healthy 28-day median DOM, confirming properly priced inventory absorbs quickly while overpriced listings languish.
Plano home buyers are witnessing a convergence of favorable conditions—5% mortgage rates combined with 200 properties in contract means competition is intensifying rapidly, yet inventory remains sufficient at 409 active listings. This window won't last: as rates move deeper into the 5% range, expect March to bring both more buyers and sellers, compressing decision timelines significantly.
Plano home sellers should recognize that February's sluggish volume is already reversing—the 200-property pipeline represents the strongest momentum in months, and 43 price reductions prove sellers adapting to current conditions find buyers while those holding outdated pricing get left behind. Our February Monthly Report, releasing next week, provides comprehensive year-over-year analysis and zip-code breakdowns to help sellers understand exactly where their property fits in this evolving market.
Mortgage rates just dropped into the 5% range for the first time since September 2022, and Plano's contract pipeline jumped to 200 properties. Whether you're a buyer ready to lock in historic financing or a seller positioning for March's momentum, let's review your strategy before the market shifts again.
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Market data compiled from the Plano Market Data Archive