Single-Family:

Sales in McKinney for November were up by 11%.  The average sales price rose 12% and the median sales price increases 13%. Pending Sales were flat, don’t know what that may mean for December sales. The number of new listings declined 13%. but the active listings rose 18%. Unfortunately this increase in the active listings only drought up the months of inventory to 1.7 months. This is well short of the 6 months that is considered a balanced market.

If you are looking for a home under $200,000, McKinney is not the place to look. As of this writing, there were 2 homes for sale under $200,000.

About 42% of the MLS listings are builder new homes. The average price for these homes is around $430,000.

Sales: 188

Average Sales Price: $339,430

Median Sales Price: $310,000

Pending Sales: 205

New Listings: 188

Active Listings: 401

Months of Inventory: 1.7

Information provided by The Real Estate Center.