Dallas Area Residential Sale Report for April – McKinney TX

Dallas Area Residential Sale Report for April – McKinney TX

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As expected home sales fell in April. Down 11%. Pending sales declines 29%. The average sales price rose 6% while the median sales price increased 7%. New listings took a 37% drop. Active listings came in 39% lower. The months of inventory now stands at 2 months.

The law of supply/demand has not been repealed. Supply is getting smaller. Buyers have returned to the market. Demand is rising. Prices are going up!

Sales: 231

Average Sales Price: $383,686

Median Sales Price: $353,000

Pending Sales: 217

New Listings: 257

Active Listings: 474

Months of Inventory: 2

Information provide by The Real Estate Center

#RealEstateMcKinney #HomesForSaleMcKinney

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