Dallas Area Residential Sales Report for June – McKinney TX
McKinney was no different from it’s neighboring communities with sales down 18% in June as compared to last June. A small glimmer of light is the pending sales which were up 10%. However, with the declining showing we are experiencing in July, I don’t anticipate the Julys sales numbers will be positive.
The average sales price dropped 3% and the median sales price fell 2%. Another sign that buyers are not felling a compelling rush to buy.
The number of new listings increased 10% while the active listings jumped 26%. The months of inventory now stands at 3.5 months.
Sellers, you need to realize that the market is changing rapidly and that pricing is critical.
Average Sales Price: $364,450
Median Sales Price: $348,000
Pending Sales: $311
New Listings: 484
Active Listings: 869
Months of Inventory: 3.5
Information provided by the Real Estate Center
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