McKinney TX Residential Sales Report for October

McKinney TX Residential Sales Report for October

Sales in the McKinney area were up 3% in October as compared to last October. The average sales price rose 5% while the median sales price climbed 7%. Pending sales came in also up 3%. New listings jumped 18%. The number of active listings shot up 65%. With this increase in inventory, buyers will find it just a little easier to find a home: However, the months of inventory remains low at 3.3 months. With 6 months considered a balanced market, McKinney is still tilted to the Seller’s Favor.

Sales: 196

Average Sales Price: $350,124

Median Sales Price: 326,850

Pending Sales: 224

New Listings: 308

Active Listings: 777

Months of Inventory: 3.3

Information provided by The Real Estate Center

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