Plano Real Estate Market Update - June 12, 2026

Active inventory reached 579 listings this week — the highest count of 2026 — as the supply build that began this spring continues to add listings faster than they're selling. The trend is examined in detail in the May Market Report. The pending pipeline this week tells a positive story: a rebound to 226 after five consecutive weeks of contraction. The move is modest at 6 percent, and one week doesn't reverse a trend, but it is a sign of buyer re-engagement this summer.

Contract velocity held at 50 new purchase contracts, consistent with the 47–57 weekly range that has defined the past month. Closings came in at just 40, though mid-month is not usually known for high closing activity.

Mortgage rates reached 6.52 percent this week, the highest since September 2025, but the buyer pool has largely accepted the current rate environment. Fifty new contracts in a week confirm that demand continues to move on its own schedule — life-stage transitions, school calendar, move-up timing — more than rate sensitivity alone.

Seventy-two price reductions were recorded this week. Comparing that to 86 new listings and it seems that for every one new listing, an existing seller reduces their price. The median days on market for Active listings is 36, while the under contract pipeline is at 21 DOM. This demonstrates that buyers are preferring fresh, newer inventory. What's accumulating in the active count is older, adjusted, or priced above where buyers are writing contracts. The $38,400 gap between the median active list price ($567,400) and the YTD median closed price ($529,000) is the number that explains the divergence.