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How Quick Will My Home Sell?


Days on Market – Plano Real Estate – Selling FAST

Median_days_on_market

When you sell your home you want to know for how much and how long will it take?

That’s one of the first things you want to know, Right?

Well, you can get very analytical and figure it out by pricing and area of Plano.  Plano is area 20 on the MLS, then it’s broken down into sub-areas (sections). Some of these sub-areas can be other cities besides Plano, like Allen or Murphy.  If you look at the chart most of the areas are under 50 days, that’s pretty quick.  It’s safe to say if you are under $300K your home is going to sell much quicker than say over $500K, that’s just where the market is but lending is starting to loosen for higher end properties – so watch for much more activity in Areas 20-1&9 (far left – dark red) in the coming months.

When you know the neighborhoods and areas things get a lot easier in selling your home.  Awesome chart is from data and new technology from our MLS – NTREIS (North Texas Real Estate Information Systems).  It’s getting better all the time if your agent uses it.

About Terry Smith

Passionate about real estate, positive problem solver, specialty boutique real estate brokerage that does things your way! A full-time Broker & REALTOR®, helping people buy and sell homes in the Dallas - Plano area. Whether you're a buyer just starting out or someone with luxury properties to sell. I have extensive knowledge and experience to help you with your real estate transaction. I am a native Dallasite. Have questions? Ask me. You can find me on Google+ and Pinterest.

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