Plano's real estate market is experiencing a price correction, with values down 16.3% from last year. Home prices have decreased 41.5% in the past month. With 8.7 months of supply, Plano's inventory levels remain relatively tight. Sales volume is down 50% compared to seasonal expectations. A significant 30.8% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Plano market with the affordability index at 13.6. Based on current market indicators, home prices in Plano are projected to increase by approximately 157.6% over the next month.
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