Weekly Update

Plano Real Estate Market Update - October 16, 2026

Market Snapshot
Active & Under Contract
547 Active Listings
$543K Median Active Price
53 Median Active DOM
177 Pending Sales 52 new contracts this week
This Week's Activity
45 New Listings
10 Back on Market
77 Price Decreases
2 Price Increases
15 Cancelled & Expired
41 Closed / Sold
30-Year Fixed Rate 7.40%
Market Analysis

What the data says

Plano's active inventory fell to 547 this week with new listings slowing to 45. Meanwhile buyers who 52 new contracts. Columbus Day and Plano ISD's fall break both landed this week, which fits the pullback in new supply.

Fall break gave buyers the time to act, and contract activity reflected it: 52 new contracts, the strongest week of the past four and 40 percent above last week's activity. The pending pipeline sits at 177 homes, essentially flat from 172 last week. Mortgage rates held at 7.4 percent, and the national headlines haven't slowed Plano buyers. Urgency tends to build when rates climb, because waiting carries the risk of paying more; falling rates invite buyers to wait and see how low they go.

Price adjustments stayed elevated at 77 reductions, 14.1 percent of active inventory. The DOM gap sharpens the picture: homes going under contract carried a median of 39 days on market, against 53 for the active listings still waiting. The median active list price slipped to $543,000 from $549,000. The market is sorting. Correctly priced homes are finding buyers, and the rest are accumulating days.

For Buyers

Plano home buyers should recognize that rate headlines are not the whole negotiation. With 77 price reductions across 547 active listings and this listings having a 53-day median on market, motivated sellers are out there, and many will trade concessions for a signed contract. The smart play today is negotiating a seller-funded rate buydown, which lowers your payment now instead of betting on where rates go next. Start with listings that have already cut price or past the 53-day median; those sellers have the most reason to say yes.

For Sellers

Plano home sellers need to understand that a quiet week of new listings is not a signal to price higher. Only 45 homes listed and buyers still wrote 52 contracts, so serious demand is there, but 77 price reductions show the penalty for overpricing is intact. Homes that went under contract did so at a median of 39 days. Price to where buyers are writing contracts, and be ready to offer a rate buydown, a concession that speaks directly to the buyer's biggest concern.

Fall break lifted contract activity while rates held at 7.4 percent. If you're weighing how a rate buydown could change your numbers, whether you're buying or selling, let's talk through the data.

More Plano Market Intel

Recent reports

Monthly

Plano Sets Another Record. The Monthly Number Still Isn't the Story.

June closed with a $595,000 citywide median sold price — Plano's second consecutive all-time high — driven by an unusually strong run of $1M+ closings. A month ago, national outlets were calling Plano a correction market off a one-month comparison. Run the same trick the other direction and June's YoY number reads as a 12% boom, which is just as misleading. Here's what the data actually shows, and why the multi-year trend is the only lookback window worth trusting.

 Previous Week

Plano Real Estate Market Update - October 9, 2026

Plano's active inventory inched down further to 563 listings, while the pending pipeline held at 172 homes under contract. Mortgage rates reached 7.4 percent, a seventh consecutive increase, yet 37 new buyer contracts were written last week. Buyers who need to move are moving. With the median active listing at 50 days on market and 77 price reductions (13.7 percent of inventory), buyers have room to negotiate. Columbus Day weekend is the next test for demand.
Browse all Plano Market Intelligence

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