McKinney TX Residential Sales Report for January

Every category was up in January!

Single Family:

Sales increased by 4% as compared to a year ago. The average sales price rose 4% while the median sales price was up by 9%. Pending sales to a big 31% jump so we can say that February will see positive sales numbers. A 30% rise in the new listings helped the active listings climb by 27%. However, these increases only managed to raise the months of inventory number to 1.3 months. A 6 month supply is traditionally considered a balanced market so you can see that we are tipped heavily to the Seller’s side.

Sales: 157

Average Sales Price: $296,613

Median Sales Price: $279,000

Pending Sales: 180

New Listings: 236

Active Listings: 300

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.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.