Taking a look at the September market in Plano, we’re checking on the health of the market when it comes to Plano area pending home sales. The market we’re specifically looking at is the single family home market in the price range above $354,000 and with 4 or more bedrooms.
The Pending Home Sales Index (PHS), a leading indicator of housing activity, measures housing contract activity, and is based on signed real estate contracts for existing single-family homes, condos, and co-ops. Because a home goes under contract a month or two before it is sold, the Pending Home Sales Index generally leads Existing-Home Sales by a month or two.
Later this month, the National Association Realtors will release their statistics on pending home sales for September of 2017 and we’ll compare how Plano is holding up with the rest of the country.
Like we always say, to know exactly how the market effects your home value, you should have your home personally analyzed to get your complete picture. There are so many variables that will effect your home’s value that no chart or quick form can truly calculate an accurate picture of where your home will stand on today’s market.