Dallas Area Residential Sales Report for May – McKinney, TX
Sales up strongly prices up too!
Home sales rose 30% in McKinney in May as compared to last May. The average sales price climbed 28% while the median sales price increased by 27%. Pending sales dropped9% as buyers are having a hard time finding that dream home. A decline of 19% in the number of new listings didn’t help. The active listings fell 75% taking the months of inventory down to 0.5 months.
Average Sales Price: $471,083
Median Sales Price: $437,140
Pending Sales: 288
New Listings: 274
Active Listings: 118
Months of Inventory: 0.5 months
Information provided by The Texas Real Estate Center
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