Dallas Area Residential Sales Report for May – McKinney, TX

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Dallas Area Residential Sales Report for May – McKinney, TX

Sales Down. Prices Up!

Sales of single family homes fell 15.2% compared to last May. The median sales price rose 29.9% and the average sales price climbed 33%. The ratio of sales price to original list price was 109.2%. New listings increased 17.7%. ACTIVE listings declined 1.9%. Months of inventory increased to 1 month. We are a very long way to the 6 months considered a balanced market.

Sales: 212

Median Sales Price: $565,000

Average Sales Price: $625,644

Sales Price to Original List Price: 109.2

New Listings: 312

Active Listings: 208

Months of Inventory: 1 month

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