Dallas Area Residential Sales Report for February – McKinney

This is a monthly change report that compares January to February.

 

Sales increased 75% in February compared to January. Pending sales declined slightly by 1.99%. The median sales price dropped 7.65% while the average sales price fell 6.14%. The ratio of sales price to original list increased 1.17%. New listings were flat. Active listings fell 11.79% Days on market rose 5.17%.  Months of inventory was 16.67 lower.

Inventory is falling. Buyers are having a hard time finding that dream home and competition is heating up on the best homes.

 

Sales: 168

Pending Sales: 197

Median Sales Price: $692,599

Average Sales Price $767,518

Ratio of sales price to Original List: 94.8%

New Listings: 159

Active Listings: 202

Days on Market: 61

Months of Inventory: 1 month

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