Plano Real Estate Closed Sales – June 2013

Since all the Plano Real Estate June numbers are not in yet, I am going to post year over year results for the past 3 years.  This gives you a better understanding of market activity and from where we’ve come.  The other thing to realize is all closed sales are from activity 2 to 3 months ago and is not the same activity now.

Y-O-Y, +22% !  This is very good news for our market.  Year over year shows a steady increase.  Buyers have decided to keep jumping in with the rates predicted to rise more by years end.  Low housing inventory continues to keep activity brisk.  There are 50% less on the market then there were in 2011.  Total Plano homes for sale as I write this are 676 units.

The supply is low but there are still homes to buy.  It’s not uncommon to have multiple offers.  Pricing is still an issue as buyers are not going to overpay.  Nothing happens overnight, prices start rising slowly as does new listings on market.  Every real estate transaction takes many parties to agree to agree as well as lenders and appraisers.  It’s a slow process.

And despite all the real estate predictions nobody really knows what you are going to do!