Ken Oenbrink - NTX Property Watch Report

Plano, TX

Single-Family Homes

Call or Text 972-816-1660 ken.oenbrink@gmail.com



Plano, TX

Thu Apr 26 2018
This week the median list price for Plano, TX is $438,000 with the market action index hovering around 42. This is an increase over last month's market action index of 41. Inventory has held steady at or around 684. Click here to stay informed with the Plano market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Plano, TX

Thu Apr 26 2018
This week the median list price for Plano, TX is $438,000 with the market action index hovering around 42. This is an increase over last month's market action index of 41. Inventory has held steady at or around 684. Click here to stay informed with the Plano market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Plano market.
Median List Price $438,000
Per Square Foot $150
Days on Market 74
Price Decreased 30%
Price Increased 5%
Relisted 7%
Inventory 684
Median House Rent $1,898
Most Expensive $6,999,000
Least Expensive $150,000
Market Action Index
Slight Seller's Advantage
42

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$850,000 4,402 0.25 - 0.5 acre 4 4 19 18 11 132
$498,500 3,446 8,000 - 10,000 sqft 4 3 21 35 12 76
$384,900 2,803 8,000 - 10,000 sqft 4 3 24 29 33 45
$299,500 2,054 8,000 - 10,000 sqft 3 2 35 36 36 45