Sales just keep trucking along!

In May sales in McKinney were up by 14% as compared to last May. The average sales price rose 9% while the median sales price climbed 10%. Pending sales increased a scant 1%. We had good news with new listings which jumped 25% and with the active listings that were up 53%. Ever with theses nice increases in inventory, the months of inventory only climbed to 2.5 months. 6 months is a balanced supply/demand.

About 40% of the active listings are builders new homes and only 3 of these are under $300,000.

Sales: 324

Average Sales Price: $359,399

Median Sales Price: $336,000

Pending Sales: 297

New Listings: 378

Active Listings: 569

Months of Inventory: 2.5

Information provided by the Real Estate Center