Dallas Area Residential Sales Report – McKinney TX

Wow! Sales shot up 35% in McKinney in November as compared to the same time last year. The average sales price  rose 2% while the median sales price climbed 5%. Pending sales increased 6% so we can anticipate December sales will be positive. The number of new listings were up 31%. The active listings increased 71%. That just shows you who low the active listings were last year. Months of inventory now stands at 2.9 months. We are still very short of the 6 months considered a balanced market. Sellers are in the drivers seat.

Sales: 249

Average Sales Price: $346,858

Median Sales Price: $329,300

Pending Sales: 217

New Listings: 245

Active Listings: 684

Months of Inventory: 2.9

Information provided by The Real Estate Center