Dallas Area Residential Sales Report for December – McKinney TX

Dallas Area Residential Sales Report for December – McKinney TX

Sales were strong in McKinney in December! Up 16%. The average sales price increased 8% and the median sales price climber 5%. Pending sales jumped 26% compared to last December. This certainly will mean a good January report. The number of new listings rose 26% while the active listings were up a whopping 65%. I know these numbers look good if you are a buyer, but they in reality just reflect how low the inventory was last December. The months of inventory is only at 2.6 months. With 6 months considered a balanced market, we are still way over to the seller’s side.

Sales: 253

Average Sales Price: $359,974

Median Sales Price: $325,220

Pending Sales: 199

New Listings: 177

Active Listings: 587

Months of Inventory: 2.6

Information provided by The Real Estate Center

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