Dallas Area Residential Sales Report for February – McKinney TX

Dallas Area Residential Sales Report for February – McKinney TX

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The McKinney market eked out a 2% gain in home sales in February. Pending sales did better with a 10% gain. The average sales price rose 3% while the median sales price rose 6%. Looks like we had a few more sales in the upper price ranges than normal. Now the bad news if you are a buyer. New listings declined 3% but the number of active listings fell 26% taking the months of inventory down to 2.2 months. Buyers will be having a had time finding that dream home.

Sales: 199

Average Sales Price: $353,603

Median Sales Price: $345,000

Pending Sales: 254

New Listings: 535

Months of Inventory: 2.2

Information provided by The Real Estate Center

#RealEstateMcKinney #HomesForSaleMcKinney #McKinneyHomes

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