Dallas Area Residential Sales Report for February – McKinney TX

Dallas Area Residential Sales Report for February – McKinney TX

Well, sales were booming in McKinney during the month of February, Single-family home sales were up 23% as compared to last February. The average sales price fell 2% but the median sales price increased 1%, Just some gyrations in the markup of the sales, Pending sales increased 15% so March is looking good. The number of new listings climbed 2%. The active listings number came in at up 29%. I know that looks like a huge jump in inventory, but it is not, The number is just a reflection of how low the inventory level was last February. The months of Inventory is at 2.3 months. It’s very much a sellers market in McKinney.

Sales: 212

Average Sales Price: $349,412

Median Sales Price: $330,000

Pending Sales: 253

New Listings: 302

Active Listings: 560

Months of inventory: 2.3

Information provided by the Real Estate Center

#mariesellsdallas #McKinney #realestate #homesforsale #buyeradvice #selleradvice

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

This site uses Akismet to reduce spam. Learn how your comment data is processed.