Plano Real Estate Market Update - August 7, 2026

Active inventory eased to 622 listings this week, the first real pullback after three weeks hovering near 630. Plano's active count has historically peaked in July, and this week's dip is consistent with that seasonal pattern, the market may have already cleared its 2026 high for supply. For the first time since early July, more inventory left the active pool than replaced it with 45 contracts and 34 expired or cancelled listings exceeding the 74 new listings.

The pending pipeline slipped to 186., down from recent weeks. Mortgage rates climbed to 6.69 percent, the highest reading of 2026, though roughly in line with where rates stood this same week a year ago. Rates have been edging up all year and certainly affect buyer affordability, but homes sold are nearly the same as last year where rates tracked even higher.

Plano ISD's first day of school falls next Tuesday, August 11th, which is likely to pull many buyers out of their active searches for a couple weeks. Whether that shows up in new contract activity is the question next week's data will answer.

Ninety-seven price reductions this week works out to 15.6 percent of active inventory, essentially unchanged from last week's 15.3 percent. The DOM gap confirms the market remains selective: homes entering the pending pipeline carry a median of 25 days, 19 days faster than the 44-day median for the active pool. That spread has held steady for awhile, continuing to separate correctly priced listings from those still waiting.