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.
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