Dallas Area Residential sales Report for August – McKinney, TX

Sales slowed. Prices rise.

home sales declined by 15% compared to last August. Pending sales fell 3%. The average sales price increased 30% and the median sales price rose 32% as buyers went after higher priced properties. New listings provided no help with the inventory shortage down 3%. The number of active listings dropped by 55% taking the months of inventory down to 0.7 months. As long as supply remains low prices will continue to rise.

Sales: 279

Average Sales Price: $656,391

Median Sales Price: $554,950

Pending Sales: 296

New Listings: 272

Active Listings: 202

Months of Inventory: 0.7 months

Information provided by The Texas Real Estate Center

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