McKinney TX Residential Sales Report for February

McKinney TX Residential Sales Report for February

McKinney single-family sales were up 6% in February as compared to the same time last year. The average sale price increased 14% while the median sales price rose 13%. Pending Sales were flat. We did see a nice jump of 19% in the number of new listings and the active listings increased 38%.  It looks like most of the increase was in builders listings they new homes. The months pf inventory now stands at 1.9 months. With 6 months being considered a balances market, we are still very tilted to the seller side.

Sales: 184

Average Sales Price: $358,638

Median Sales Price: $328,700

Pending Sales: 220

New Listings: 296

Active Listings: 434

Months of Inventory: 1.9

Information provided by The Real Estate Center

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