Dallas Area Residential Sales Report for November – McKinney, TX

Dallas Area Residential Sales Report for November – McKinney, TX

Buyers struggle to find homes to buy due to extremely short supply.

Sales were down by 11% as compared to last November. Pending sales fell 21%. Average sales price rose 28% while the median sales price increased 25%. New listings were no help to the housing supply off 16%. Active listing fell 34%. T,he months of inventory now stands at 0.4 months. 6 months is considered a balanced market.

Sales: 206

Average Sales Price: $506,758

Median Sales Price: $460,000

Pending Sales: 181

New Listings: 145

Active Listings: 90

Months of Inventory: 0.4 months

Information provided by The Texas Real Estate Center

#mariesellsdallas #RealEstateMcKinney #HomesForSaleMcKinney

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