It’s still very much a Sellers Market in McKinney
Single-Family:
Sales were up by 8% in May as compared to a year ago. The average sales price increased by 6% as did the median sales price. Pending sales took a jump of 26% so June is looking pretty good. The number of new listings was flat but the active listings rose by 23%. It’s good to have more supply, but this increase only took the months of inventory up to 1.6 months. 6 months is considered a balanced supply/demand.
Sales: 295
Average Sales Price: $331,475
Median Sales Price: $307,950
Pending Sales: 295
New Listings: 303
Active Listings: 373
Months of Inventory: 1.6
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Information provided by The Real Estate Center at Texas A&M.
Marie Sells Dallas 