Heads up! Market trends matter — if you’re buying, selling or both.
And if you’re selling one home and buying another at the same time, market timing matters more to you than to almost anyone.
You’re on both sides of the deal at once. So let’s look at what May actually told us.
More homes came on the market
Inventory rose 9% from April. For buyers, that means a little more room to choose and a little less pressure. There are 6,656 active listings across the county right now, with a median price of around $515,000.
It’s still tighter than a year ago, though. Inventory is down 5% from last May. So you have more options than last month, fewer than last spring.
At 4.53 months of supply, we’re somewhere in the middle — not the frenzy of a few years back, but not a true buyer’s market either.
Homes are still selling at a steady pace
Recently sold homes spent about 31 days on the market. Pending homes are running close behind at 35 days. That’s roughly a month from list to contract.
If you’re coordinating a sale and a purchase, that pace is worth knowing. It gives you a realistic window to plan around.
Mind the gap between asking and selling
Here’s the number that deserves your attention. New listings are coming on around $510,000 on average, and active listings sit near $515,000. But the homes that actually closed? A median of $470,000.
That gap tells you two things. If you’re selling, price matters — the asking number and the closing number aren’t the same, and overpricing costs you time. If you’re buying, there’s often room to negotiate.
The takeaway
This is a more balanced market than we’ve seen in a while. More inventory means you’re less likely to sell and have nowhere to go. A steady one-month pace means you can plan. And the spread between list and sold prices means strategy still pays off, on both sides.
Whether you’re looking near the Shops at Legacy or somewhere quieter out by Oak Point Park in Plano, the fundamentals hold: price it right, move when the timing fits, and don’t go in without a plan.
If you’re trying to line up a sale and a purchase, that’s worth a conversation before you list.
Norma Wall, Broker — North Point Realty 📞 214-212-6770