Plano Market Update - May 2021
Plano > Market Intelligence > Plano Market Update - May 2021MARKET HIGHLIGHTS:
Homes Sold: 304 transactions
Median Sold Price: $439,200
Sold to List Ratio: 104.50%
Average Days on Market: 4 days
Inventory: 148 homes
Plano's May market delivered 304 sales—significantly more than pandemic-affected 2020 though slightly less than 2019—while the median price of $439,200 represented continued appreciation despite a modest pullback from April's $450K (attributed to market volatility in a small sample size). The extraordinary 105% sold-to-list ratio meant buyers were bidding 5%+ above asking, and the 4-day median absorption essentially represents the logistical minimum for real estate transactions.
With just 148 homes available (two weeks of supply)—one-fifth of inventory compared to a year-ago—the "super seller's market" dynamics continue to persist as the defining story of 2021. What we’re calling the inventory “crisis” is driving rapid price increases, instant sales, and dramatic overbidding across all price points. Summer 2021 potentially represents the best time ever to sell with minimal competition and maximum demand.
For Plano home buyers, the market requires aggressive preparation and decisiveness—strong financing, cash position clarity, budget flexibility to bid up, and willingness to bid immediately on suitable properties as hesitation meant losing to the 8,000+ monthly DFW buyers competing for scarce inventory.
For Plano home sellers, while this market enables even lazy listings to sell, strategic preparation captures extraordinary premiums: excellent presentation and smart pricing separated top performers selling 8-10%+ above asking. Those not maximizing this opportunity are leaving tens of thousands on the table.
Summer 2021 may be the best seller's market ever. Buyers, let's strategize to compete and win. Sellers, let's maximize your profits →
Note: The video market update was prepared with the most current data available at the time of filming. This post has been updated to reflect finalized historical data.
________________________________________________________
More Plano Market Coverage
Search Homes for Sale in Plano →
