Less that a months inventory available

Dallas Area Residential Sales Report for November – McKinney, TX

Sales rose 24% compared to last November. Unfortunately pending sales did not keep up and were down by 2% The average sales price jumped up 15% while the median sales price increased 12%. New listings declined 9%. Active Listings fell 77% taking the months of inventory down to 0.9 months. Looking forward I think that we will see falling sales numbers as buyers just con’t find a home to buy due to the very low supply.

Sales: 234

Average Sales Price: $399,067

Median Sales Price: $369,000

Pending Sales: 229

New Listings: 172

Active Listings: 136

Months of Inventory: 0.9

Information provided by The Real Estate Center

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