January 2023 brought modest sales of 110 homes at $492,500 median, but the story was inventory dynamics—of 145 homes available, only 65-75 were truly competitive while "stale" inventory sat overpriced or poorly presented. With 1.3 months of supply and 98% sold-to-list, buyers have more options than 2022 but sellers with turnkey homes still capture full value.

December 2022 closed with 151 Plano sales at $480,000 median, entering 2023 with 1.8 months of supply and 245 homes available. The 98% sold-to-list ratio and 32 days on market signaled a return to sustainable market dynamics. The 2023 prediction? Stable 3-4% growth as institutional investors continue pouring capital into single-family homes while inventory remains constrained.

November 2022 is winding down the year at $462,500 median with 144 sales, but the 98.8% sold-to-list and 20-day absorption show stable fundamentals. The story is luxury cooling (7 months supply above $1M) pulling the median down, while mainstream segments remained balanced at 2.3 months supply. The surprise? Rates retreated into the 5s, creating late-year opportunities.

October 2022 saw the median drop to just $500K—but the story behind the number matters. At 100% sold-to-list, 17-day absorption (30% faster than pre-pandemic), and 1.9 months supply, the market remains seller-favorable. The median drop reflects luxury market softening pulling numbers down, not widespread value erosion. Context over headlines.

September 2022 brought a milestone: the sold-to-list ratio dropped below 100% for the first time since the pandemic (99%), with only 47% of homes selling at or above asking. At 222 sales and $530,000 median, prices stabilized in the mid-$500Ks while days on market hit 18.5 days—still 30% faster than pre-pandemic. The market shift is complete.

August 2022 showed stabilization at $547,500 median—up 22% year-over-year—with the sold-to-list ratio hitting exactly 100% across all three Plano regions, signaling market equilibrium. At 1.5 months of supply and 11-day absorption, the market normalized from spring's frenzy toward healthier, more sustainable dynamics. Prices appear set to finish the year in the mid-$500Ks.

July 2022 showed clear cooling with 238 sales at $536,944 median—down from spring's peak but still up 19% year-over-year. The sold-to-list ratio of 102% and 343 available homes (142 with price cuts) signaled adjustment as sellers' $235/sqft asking prices met buyers' $216/sqft reality. Not a crash—a recalibration from unsustainable frenzy to healthier dynamics.

June 2022 brought the first clear market shift as inventory nearly doubled to 269 homes and the median sold price pulled back to $563,750 from May's peak. Still up 22.3% year-over-year, the 107% sold-to-list and 6-day absorption shows cooling from spring's frenzy but remains historically strong. About one-third of listings reduced prices as sellers adjusted to a new reality.

May 2022 hit $585,000 median—up nearly $150,000 from one year ago—with 252 homes selling at 109% of list price. Market shift conversations intensify as inventory rises to 155 homes and rate awareness grows, but fundamentals remain strong: under 1 month of supply, 5-day absorption, and top homes still commanding significant premiums. Don't confuse noise with reality.

April 2022 stunned with a $559,225 median—up $100,000 in just six months—as 255 homes sold at 111% of list price. East Plano jumped to $500K while inventory sat at just 0.6 months of supply (131 homes). With half of all homes bid 11%+ above asking and rates rising, buyer urgency drove unprecedented price acceleration. Top homes captured 17-22% premiums.