Plano home buyers should recognize that a 7.03 percent rate barely changes the math from last week's 6.95 percent: on a median priced home, the payment difference is about $23 a month. If a lower rate is a priority, the aging inventory presents a negotiation opportunity for seller-paid rate-buy downs. With active inventory now averaging 49 days on market, listings that have been sitting are increasingly candidates for negotiation, especially as more of them approach the point where sellers consider a price cut or a pullback from the market altogether.
Weekly Update
Plano Real Estate Market Update - September 25, 2026
Market Snapshot
Active & Under Contract
569 Active Listings
$547K Median Active Price
49 Median Active DOM
179 Pending Sales 39 new contracts this week
This Week's Activity
60 New Listings
9 Back on Market
74 Price Decreases
2 Price Increases
21 Cancelled & Expired
42 Closed / Sold
30-Year Fixed Rate 7.03%
Market Analysis
What the data says
Active inventory held essentially flat this week at 569 properties as Plano closes out the third quarter and moves into fall. Sixty new listings came onto the market, a moderate pace that was mostly offset by 39 new contracts, and the remaining surplus was fully absorbed by 21 cancellations and expirations, leaving new supply, buyer demand, and listing attrition roughly balanced against each other.
That balance held even as national mortgage rates climbed to 7.03 percent this week. The monthly payment difference on a median priced home is roughly $23 more than recent average rates, a negligible affordability shift. The bigger factor is perception: a rate that starts with a 7, layered on top of ongoing global uncertainty and midterm elections now approaching, tends to cool buyer urgency even when the underlying math barely moves. The 39 new contracts this week are consistent with recent weeks, while the pending pipeline eased to 179, its fourth consecutive weekly decline.
Active inventory is aging. The median sits at 49 days on market, up from 45 last week, a trend that points toward more cancellations and expirations ahead as older listings age out of contention. There is a silver lining in the pricing picture: the $547,000 median active price sits just $17,000, about 3 percent, above the $530,000 median closed price for 2026 year to date, a modest gap between what sellers are asking and where the market has been closing. Price reductions pulled back to 74, or 13 percent of active inventory, down from 90 in each of the prior two weeks.
Plano home sellers need to understand that pricing discipline is critical to ensuring a sale. The gap between the $547,000 median active price and the $530,000 median closed price this year is presently only 3 percent, a narrow spread that reflects real pricing discipline, and it's a big reason inventory is holding flat instead of piling up. That discipline matters more, not less, as buyers grow more rate-sensitive on perception alone: a home priced close to where the market is actually closing keeps moving, while one that isn't will simply add to the 74 reductions already recorded this week.
Rates crossed 7 percent this week, but the real story is a market holding steady through it: inventory flat, pricing disciplined, and demand muted but intact heading into the fourth quarter. If you're weighing what that means for your own timing, whether buying, selling, or just watching, let's talk through the data.
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Market data sourced from NTREIS and compiled via the Plano Market Data Archive.