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.
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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