May 2023 brought a surprising return of aggressive multiple offers to Plano's market. With 204 homes sold and just 1 month of supply, two-thirds of sellers received full asking or more. The top 10% of homes commanded 108%+ of list price, proving bidding wars are back. Half of all homes sold in a week or less at a median of $544,500 as spring competition intensifies.

April 2023 brought the return of aggressive competition to Plano's market with just 0.9 months of supply—among the tightest inventory for any Dallas suburb. While only 188 homes sold, prices held at $527,500 and 65% of sellers received full asking or more. The top 10% of homes commanded 108%+ of list price as buyers competed for well-presented properties in a market with 8-day median absorption.

March 2023 marked spring's arrival with accelerating activity—days on market cut in half to just 10 days as buyers returned in force. With 177 homes sold at a median of $525,000 and less than one month of supply, multiple offers came back with 55% of sellers receiving full asking or better. The market shift? Buyers were pickier, but competition intensified.

February 2023 defied national crash predictions with Plano prices climbing to $534,000—up 15% year-over-year. With only three weeks of supply and 164 sales, the market remains firmly in seller territory at 99% sold-to-list ratio. Days on market at 25 signals accelerating activity as spring approaches, with top homes attracting 3% premiums and multiple offers returning.

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.

March 2022 exploded to a $540,000 median—hitting the $500Ks ahead of schedule—with half of 176 homes selling 10%+ above asking. Central Plano led at 110% sold-to-list with 4-day absorption. Inventory climbed to 102 homes (good news for buyers) while 285 pending contracts signaled April's strong volume. Top homes captured 15-22% premiums as spring competition intensified.

February 2022 bucked seasonal trends with a strong median price of $462,950 despite just 132 sales—sellers weren't listing, driving bidding wars to 107% sold-to-list. The top 25% of homes capturing 13%+ premiums ($50K-$120K extra profit). With 80% of homes selling above asking in 5 days and only 59 available, the inventory crisis is reaching its apex entering spring.

January 2022 shocked with just 160 sales—the lowest volume seen—yet prices surged to $468,450, nearly matching 2021's peak. The culprit? Only 48 homes available entering February. With 102% sold-to-list and buyers bidding up top homes 104%+ in central Plano, the inventory crisis reached new extremes. The under-$250K market was essentially extinct.

Plano closed 2021 with explosive 19.3% price growth and 3,037 homes sold—up 7% despite inventory constraints. Entering 2022 with just 59 homes available (10 days of supply) and 70% of homes selling at/above asking, the stage was set for another competitive year. The sold-to-list ratio of 103% and 7-day absorption signaled buyers remained aggressive as spring approached.