Dallas Area Residential Sale Report for April – McKinney TX
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The law of supply/demand has not been repealed.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!
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