Monthly Update Matt Haistings Monthly Update Matt Haistings

Plano Market Update - August 2023

August 2023 brought an interesting contradiction to Plano's market: sales volume hit a high count of 200 homes while the median price dipped to $526,500. With 1.5 months of supply and homes taking 13 days to sell, the market is cooling from its frenzy but remains firmly in seller territory. The key shift? Negotiability is returning as 7% mortgage rates make buyers more selective about value.

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Matt Haistings Matt Haistings

Plano Market Update - July 2023

July 2023 saw Plano's lowest sales volume since March—just 175 homes—as mortgage rates hit the sevens and buyers pulled back. Yet prices climbed to $560,000, continuing 2023's upward trajectory. The "lock-in effect" kept inventory tight at 1.6 months of supply, but negotiability was returning with 44% of homes selling below asking. A rare buyer opportunity window was opening.

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Matt Haistings Matt Haistings

Plano Market Update - June 2023

June 2023 marked Plano's strongest month with 196 homes sold and prices hitting $555,000—up 9.7% year-to-date. With just 1.3 months of supply and homes selling in 8 days or less, the seller's market showed no signs of slowing. Two-thirds of sellers received full asking price or more as the supply-demand imbalance kept competition fierce and negotiability scarce.

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Monthly Update Matt Haistings Monthly Update Matt Haistings

Plano Market Update - May 2023

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.

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Monthly Update Matt Haistings Monthly Update Matt Haistings

Plano Market Update - April 2023

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.

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Monthly Update Matt Haistings Monthly Update Matt Haistings

Plano Market Update - March 2023

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.

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Monthly Update Matt Haistings Monthly Update Matt Haistings

Plano Market Update - February 2023

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.

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Monthly Update Matt Haistings Monthly Update Matt Haistings

Plano Market Update - January 2023

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.

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Monthly Update Matt Haistings Monthly Update Matt Haistings

Plano Market Update - December 2022

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.

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Monthly Update Matt Haistings Monthly Update Matt Haistings

Plano Market Update - November 2022

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.

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Matt Haistings, Plano real estate advisor

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