Market Report

Westshore Realty is a full-service Real Estate Brokerage located in Garland, TX. Each of our Realtors brings a wealth of knowledge to the areas that they specialize in. Westshore Realty can help you Sell, Buy, Lease, or Manage homes.

How is the Market?

Your November 2023 update for Plano, Texas is here. As the real estate market changes, we want to bring you the most relevant information. In the video update, we explore larger North Texas trends that will eventually affect the Plano market. The question remains whether we’re in the final inning of the seller’s market or traditional seasonality has returned.

100%

sold to list ratio

156

homes sold

$540,000

median sold price

Sellers

median sold market

≈2.0

months of inventory

16.5

median days on market

Looking to Sell?

Low inventory… or simply put, fewer homes for sale, has been great for Plano homeowners and home sellers. Stable demand for Plano and low supply has resulted in steadily rising prices and a lot of leverage for sellers in the transaction. As more homes comes on the market and seasonable demand patterns return, we will probably see median sold prices start to fluctuate throughout the year. However the long term for home prices trend is up, especially in highly desirable cities like Plano.