Plano Market Update - May 2022
Plano > Market Intelligence > Plano Market Update - May 2022MARKET HIGHLIGHTS:
Homes Sold: 252 transactions
Median Sold Price: $585,000
Sold to List Ratio: 109.00%
Average Days on Market: 6 days
Inventory: 155 homes
Plano's May market pushed the record median to $585,000—up from $439,000 just one year prior, representing nearly $150,000 in appreciation and extraordinary wealth building for homeowners. While 252 homes sold (similar to this April but down from May 2021), the decline reflected supply constraints rather than demand weakness. The 109% sold-to-list ratio shows buyers continue to bid aggressively. With 308 homes pending, expect similar closed sales volume in June.
Market shift conversations are starting to intensify as rates rises become noticeable and inventory climbs (now 155 homes, +20 from April), creating a perception of more choices. However, we still have less than one month of supply in Plano, meaning the fundamentals still favor sellers. The timing also reflects seasonal patterns—families pausing searches as school ends and vacations begin. Central Plano led bidding at 111% sold-to-list on its $551K median.
For Plano home buyers, the improved inventory is welcome but maintaining a competitive mindset is essential—top homes still sell in days with multiple offers, and waiting for a crash risks missing the current opportunity as rates and prices both continue climbing.
For Plano home sellers, the message is steady: don't change plans based on noise—with homes still scarce, well-presented properties partnered with great agents continue capturing premiums, and the $150K annual appreciation validates the strength of the Plano market.
Hearing market shift rumors but seeing record prices? Let's separate fact from fiction and create your summer 2022 game plan →
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.
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