Dallas Area Residential Sales Report for November – McKinney, TX

This report in a month over month comparison which I hope gives you a better since of what is going on in the current market than the year over year numbers you see in most reports.

Sales declined by 20.3% in November as compared to October. Pending sales dropped 6.3%. The median sales price fell 1.2% and the average sales price came in lower by 1.2%. The ratio of sales price to original list price was 96.5%. New listings fell 27.9%. Active listings rose slightly coming in with a 0.5% increase. Days on Market decreased by 10.8% and months of inventory increased by a tenth of a month.

Sales: 116

Pending Sales: 106

Median Sales Price: $401,000

Average Sales Price: $532,827

Ratio of Sales Price to Original List Price: 95.5%

New Listings: 166

Active Listings: 364

Days on Market: 33

Months of Inventory: 1.9

 

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