Dallas Area Residential Sales Report for July – McKinney, TX
Sales and pending sales off sharply!
Single family home sales fell 22% while pending sales dropped 25%. That’s not setting up for a positive sales number in August. Buyers continue to pay more for homes with the average sales price up 27% compared to last July. The median sales price rose 26%. No help for buyers with a 7% decline in the number of new listings. Active listings fell by 42%. The months of inventory now stands at 0.8 months.
Average Sales Price: $496,573
Median sales Price: $452,000
Pending Sales: 269
New Listings: 334
Active Listings: 200
Months of Inventory: 0.8 months Information
Information provided by The Texas Real Estate Center
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