Plano Market Update - November 2021

Plano’s November market delivered a surprise with 251 sales—more than any recent November - and the median price jumped to $470,000, tying the annual high set earlier this year. After expectations of cooling, buyers continued to bid prices up slightly higher than recent months with the 102% sold-to-list ratio. Absorption accelerated to just 6 days as half of all homes sold in under a week. Year-over-year appreciation reached 22%, marking extraordinary wealth building for Plano homeowners.

For Plano homebuyers, the combination of very low inventory (137 homes, roughly a two-week supply) and high demand means you must be prepared to act quickly and have financing and strategy in place to compete effectively.

For Plano home sellers, the market still provides an opportunity to capture maximum value; those who price and present their homes well continue to achieve 2%+ premiums and quick sales.

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Note: This video market update was prepared with the most current data available at the time of filming. This post has been updated to reflect finalized historical data.