Plano, Texas’ home sales saw an 11 percent surge from last month. About 3,933 houses were sold, December of 2015, which is 5 percent higher than last year’s sales. New Home listing in Plano increased by 20 percent, with 225 newly built homes for the month. Homes listed under contract in totaled to 210 properties in the area, an increase of 5 percent from the previous month. The houses sold this year is around 3, 949 making the current listing under contract year-to-date increase by a percent compared to last year’s output. Average selling price of homes were approximate $320, 718, causing an 8 percent increase from the previous month. Overall, home sales price reached around $338, 473 which is an 8 percent high to last year.
Buyers in Plano received about 98 percent of their original price. Buyers received 99 percent of their listed price which is a percent higher than the previous year. Properties stayed about 27 days in the market before they are sold, which is a 14 percent decline from last year. Inventory of available homes in Plano climbed 3 percent this month, with 376 available homes. This month, in Plano, properties took 36 days before they are sold, which is a 6 percent decrease; although overall, the supply of houses climbed by 5 percent this month.
The North Texas Real Estate Information System designated MLS Area 20, as the Multiple Listing Service Access number for Plano. The DFW-Dallas-Plano-Irving and Fort Worth has 13 counties and 2 major metropolitan regions and spans over 9,000 square miles of land. The Dallas Forth-Worth metroplex’s Gross Metropolitan Product is the sixth largest in the United States and the tenth in the world. The Dallas Forth-Worth area is Texas’ most populous metropolitan. It is the fourth in the United States and ranks as tenth in the Americas.