Sales up. Pending sales take a jump!
Single-Family:
Single-family sales were up by 8% in April as compared to a year ago. The average sales price rose 3% while the median sales price climbed 8%. Sales continue to be concentrated in the upper price ranges. Pending sales jumped 25% so it looks like May sales will be strong. The number of new listings fell 3% but the active listings increased by 27%. The months of inventory rose to 1.5 months but this is still way short of the 6 months that is considered a balanced market.
Sales: 260
Average Sales Price: $322,344
Median Sales Price: $298,000
Pending Sales: 298
New Listings: 343
Active listings: 349
Months of Inventory: 1.5
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.
Marie Sells Dallas 