Plano Real Estate Market Update - November 6, 2026

Active inventory held essentially flat at 565 listings, staying inside the same tight band it’s occupied during recent weeks. That steadiness is not the result of buyer activity, though. In the past two weeks, sellers brought 113 new listings to the market. Buyers wrote 56 contracts. Meanwhile, 61 listings were cancelled or expired.

The pending pipeline slipped to 140, essentially flat from last week but the lowest count of recent months. Contract activity has averaged around 30 per week recently, with 29 new contracts this week. My hypothesis is that activity picks up modestly now that the midterms are behind us; uncertainty tends to hold buyers back, and that overhang has cleared. Mortgage rates eased for a third straight week to 7.18 percent, down from 7.4 percent in mid-October.

Price reductions came in at 70, or 12.4 percent of active inventory, the lowest share of the past eight weeks but still roughly 1 in 8 sellers adjusting price in a single week. The days on market gap sharpens the picture: homes in the under-contract pipeline carry a median of 34 days, against 57 for active listings, a 23-day gap and the widest of that stretch. The market is sorting. Correctly priced homes are finding buyers, while what is accumulating in the active count is older inventory, and 38 cancellations and expirations this week show some of it leaving without selling. Fourth Quarter is the time to think smartly about your plans.