McKinney TX Residential Sales Report for April

Sales were up 4% in April . The average sales price rose 6% while the median sales price increased 9%. Part of these increases are caused by the extreme shortage of properties under $200,000. A quick check of the MLS returns only 1 property currently listed in McKinney for under $200,000. The number of pending sales dropped 1%. Just some gyrations in the market. New listings declined 1% but the active listings rose 44%. while this sounds like good news for buyers, the months of inventory only climbed to 2.2 months. with 6 months being considered a balanced market, we a still very tilted to the sellers side.

Sales: 261

Average Sales Price: $340,232

Median Sales Price: $325,000

Pending Sales: 294

New Listings: 341

Active Listings: 504

Months of Inventory: 2.2

Imformation provided by The Real Estate Center