Weekly Update

Plano Real Estate Market Update - February 27, 2026

Market Snapshot
Active & Under Contract
409 Active Listings
$589K Median Active Price
43 Median Active DOM
200 Pending Sales
This Week's Activity
52 New Listings
11 Back on Market
43 Price Decreases
1 Price Increases
13 Cancelled & Expired
36 Closed / Sold
30-Year Fixed Rate 5.99%
Market Analysis

What the data says

Plano's residential market closed February with 409 active listings at a $589,000 median price as mortgage rates officially dropped into the 5% range—the lowest level since September 2022. The impact is unmistakable: the contract pipeline surged to 200 properties, up from 180 last week and 144 three weeks ago, as buyers respond aggressively to financing conditions not seen in over three years.

This week's 36 closings bring February's monthly total to 229 transactions at a $500,000 median sold price—both metrics confirming a market that is functioning at healthy volume despite what headline active inventory numbers might suggest. The 43 price reductions continue to reflect a market that rewards accurate pricing: homes that attracted offers did so at a median DOM, confirming properly priced inventory absorbs quickly while overpriced listings languish.

For Buyers

Plano home buyers are witnessing a convergence of favorable conditions—5% mortgage rates combined with 200 properties in contract means competition is intensifying rapidly, yet inventory remains sufficient at 409 active listings. This window won't last: as rates move deeper into the 5% range, expect March to bring both more buyers and sellers, compressing decision timelines significantly.

For Sellers

Plano home sellers should recognize that February's sluggish volume is already reversing—the 200-property pipeline represents the strongest momentum in months, and 43 price reductions prove sellers adapting to current conditions find buyers while those holding outdated pricing get left behind. Our February Monthly Report, releasing next week, provides comprehensive year-over-year analysis and zip-code breakdowns to help sellers understand exactly where their property fits in current conditions.

Mortgage rates just dropped to the lowest level since September 2022, and Plano's contract pipeline jumped to 200 properties. Whether you're a buyer ready to lock in historic financing or a seller positioning for March's momentum, let's review your strategy before the market shifts again.

More Plano Market Intel

Recent reports

Weekly

Plano Real Estate Market Update - May 8, 2026

Active inventory in Plano crossed 506 this week — the highest count of 2026 — as new listings outpaced new contracts nearly 2:1. Sixty-five price reductions hit the market in a single week, a pace that's outrunning inventory growth itself. The $68,500 gap between median active list price and median closed price tells the story: seller ambitions are running ahead of where buyers are transacting, and upper-tier inventory is accumulating. The seasonal supply peak is still ahead.

 Monthly

Spring Arrived. So Did the Buyers.

April closed with 223 sales — the first month of 2026 to beat the prior year, and the data point that flipped the YTD contract count into positive territory. Prices remain soft at a $530K median, but 75093 posted its strongest month of the year and inventory is building in ways that matter differently by price tier. Here's what the spring data actually shows.

 Previous Week

Plano Real Estate Market Update - February 20, 2026

Plano's residential market closed out February's third week with 425 active listings at a $570,000 median price—both trending upward from last week's 415 and $550,000—as 66 new listings entered the market, the highest single-week count since October 2025.
Browse all Plano Market Intelligence

Market data sourced from NTREIS and compiled via the Plano Market Data Archive.