Plano Real Estate Market Update - March 6, 2026

Plano's residential market opened March with 420 active listings at a $575,000 median price — essentially flat from last week's 409 — as 66 new listings entered the market and 50 transactions closed, the strongest single-week closing activity of 2026. Despite mortgage rates inching up slightly from February's lows, the contract pipeline remained robust at 198 properties with 57 new purchase contracts written this week, confirming that Plano buyer demand is fundamentally supply-driven, not rate-driven.

The affordability picture within Plano's active inventory is revealing: 86% of the pending sales are priced below $750,000, with the bulk concentrated in the $400K-$600K range. This concentration explains why correctly priced entry-level and mid-market properties are absorbing quickly while higher-priced inventory accumulates days on market. The 52 price reductions this week — against 420 active listings — represent about 12% of inventory making pricing adjustments, a ratio that signals ongoing seller recalibration in the upper price tiers where buyer pool depth is more limited.

Year-to-date context: 83 February closings at a $492,000 median sold price confirm that Plano's market is operating in a bifurcated environment where listed prices ($575K median) and actual transaction prices ($492K median) diverge by roughly 17%, a gap driven almost entirely by the upper price tiers where negotiating room is highest.