Dallas Area Residential Sales Report for January – McKinney TX

Dallas Area Residential Sales Report for January – McKinney TX

Well, Sales were booming in McKinney in January. Up 26% as compared to last January. The average sales price was down 1% but the median sales price rose 1%. Sales price increases have been moderating across the Metroplex, The pending sales number also showed an extremely strong gain of 34%. I think we can safely say that February sales will be positive. New listings increased 6% and the active listings were up 46%. That number just reflects how low the number of listings was last January. The number that really matters is the months of inventory and it only increased to 2.2 months. With 6 months considered a balanced market, we are still very much in a sellers market in McKinney.

Sales: 196

Average Sales Price: $332,475

Median Sales Price: $307,00

Pending Sales: 270

New Listings: 254

Active Listings: 531

Months of Inventory: 2.2

Information provided by The Real Estate Center

#McKinney #realestate #homesforsale #buyerinformation #sellerinformation

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s