Plano Real Estate Market Update - March 27, 2026
Plano ended the week with 415 active listings at a $594,000 median - virtually unchanged from last week. But the flatness is the story. Sixty-four new listings hit the market, 52 went under contract, and 11 expired or canceled. Supply and demand are churning through at nearly the same rate, keeping inventory tight heading into spring. For sellers, that's exactly where you want to be.
The contract pipeline is holding at 268 homes - median price $530,000, median DOM 24 days - nearly identical to last week's 260. That's notable because mortgage rates have reversed hard from their February lows, climbing back to 6.38% this week after touching a three-year low just weeks ago. Buyers aren't waiting for rates to fall again. Fifty-two new contracts this week says the market is still moving.
The friction shows up in the price reduction data. Forty-four reductions hit the MLS this week - a level that signals sellers are running into resistance. Active inventory is sitting at 36 days on market while contract homes moved in 24. The math is simple: priced right, homes are moving. Priced wrong, they're sitting and eventually cutting.
The pipeline data is working against the "wait for rates to drop" strategy. With 268 homes under contract and inventory holding flat, the competition hasn't thinned out the way some buyers expected. The February rate window closed - but demand didn't leave with it.
Sellers are in a good position right now, but supply doing the heavy lifting doesn't mean pricing gets a free pass. Forty-four price reductions in one week is the market sending a clear message. Sellers who priced accurately are winning. Sellers who pushed too high are now chasing the market down.
Spring inventory is tight and demand is holding - but 44 price reductions this week show the market has a ceiling. If you're thinking about listing, Let's talk about where buyers are actually writing contracts today.
