Weekly Update

Plano Real Estate Market Update - September 18, 2026

Market Snapshot
Active & Under Contract
571 Active Listings
$550K Median Active Price
45 Median Active DOM
183 Pending Sales 40 new contracts this week
This Week's Activity
63 New Listings
13 Back on Market
90 Price Decreases
2 Price Increases
29 Cancelled & Expired
58 Closed / Sold
30-Year Fixed Rate 6.95%
Market Analysis

What the data says

Active inventory pulled back to 571 listings this week, down 11 from 582 but still running above Plano’s Q2 average. The bigger story: the trailing seven-day national mortgage rate averaged 6.95 percent, the highest since January 30, 2025.

New contracts recovered to 40, up from last week's post-Labor Day low of 35 but still below the summer's 47-to-66 range. The pending pipeline held essentially flat at 183. Mortgage rates are priced off the 10-year Treasury, not the Fed funds rate directly, but this week's Fed move rippled through the bond market. Daily quotes touching into the 7s made headlines; the payment math on a median-priced home barely moved.

Price reductions held at 90 listings for a second straight week, now 15.8 percent of a shrinking active count, a new recent high. The DOM gap stayed thin for a second week: 43 days pending versus 45 active. Buyers are still drawing from the existing pool, not just new listings.

For Buyers

A rate quote with a 7 in front of it looks bigger than it is: the weekly average is 6.95 percent, barely above last week's 6.76. If mortgage rates are a concern, there are many sellers would would happily offer a mortgage rate buy down over another price reduction.

For Sellers

Ninety price reductions, now 15.8 percent of active inventory, is a new recent high, and it's happening as your competition shrinks rather than grows. Homes going under contract at a 43-day median are priced to move now, not waiting on a rate headline to change buyer behavior.

Rates touching into the 7s made headlines this week; the data says the bigger story is inventory still above the Q2 average and a market that keeps rewarding correctly priced listings. If you're figuring out where that leaves your timing, 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 - September 11, 2026

Plano's Labor Day hangover arrived on schedule. Contracts fell to 35 from 66, the pipeline dropped 14.7 percent to 186, and with active inventory bouncing up. Ninety price reductions and a nearly closed DOM gap say the market's selectivity is fading. Rates hit a 2026 high of 6.76 percent with midterms 50 days out - the next few weeks bear watching.
Browse all Plano Market Intelligence

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