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.
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