McKinney, TX Residential Sales Report for December

Sales were up and pending sales took a big leap!

Single-Family:

Sales took a jump of 19% in December while pending sales increased a whopping 33%. Looks like January will be a good month! The average sales price rose 5% while the median sales price doubled that to 10%. As in other areas the sales are in the upped price ranges. New listings fell 9% but the active listings climber by 15% increasing the months of inventory to the gigantic number of 1.3 months. 6 months is considered a balanced supply so you can see how difficult it is for buyers.

Sales: 261

Average Sales Price: $301,941

Median Sales Price: $279,000

Pending Sales: 164

New Listings: 129

Active Listings: 285

Months of Inventory: 1.3

If you live in the McKinney area and would like a personalized Comparative Market Analysis (CMA) on your home delivered to your email in just a few minutes, then click the link below to take advantage of this offer.

Information provided by The Real Estate Center at Texas A&M

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