Based on last trends report the housing market in Plano is stable. The supply of inventory on the market is much higher than the sales. The months of inventory on the market is 5.3 which is higher than the last month but under the average of 6.9 months for Collin county. Rely on the data below I would say that the market in Plano is stable with tendency for prices staying flat or slightly appreciating.
However the Real estate is local and there are areas in Plano where the price is going up and some where the prices have been declining., so if you intend to put your home on the market make sure to analyze the market in your subdivision very carefully.
The picture is not the same in some different areas in Collin county as McKinney and Frisco for example., where that supply of inventory is much higher because of the new constructions. Buyers will need definitely more time to see some appreciation on their hoses and sellers will need more time and lower the prices to sell their properties. Just for example the months of inventory on the market in McKinney is 9.1, almost twice higher than Plano.
Click on the graph to enlarge it.
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