Hello and welcome, I’m Marie Walton, a REALTOR® with Ebby Halliday, REALTORS, and today I am excited to bring you a market update for McKinney, Texas as of May 2023.

To all the buyers and sellers out there, I want to keep you informed and engaged with the current real estate market in McKinney. So let’s dive into the numbers.

Currently, there are 1.96 months supply of inventory, which means if no new homes were listed, it would take just under two months to sell all the homes currently on the market. Over the last 12 months, we’ve seen a +31.54% increase in months supply of inventory, indicating a shift towards a more balanced market.

Now, let’s talk about list to sold price percentage. McKinney is a competitive market, and we’re seeing homes sell for 99.9% of their list price. This means that sellers are getting top dollar for their homes and buyers will need to be prepared to make strong offers.

The median days on market is currently 21. This is a great indicator that homes are selling quickly, and the market is moving fast. However, it’s important to note that every home is unique, and days on market can vary based on a variety of factors.

Lastly, the median sold price in McKinney is $535,000. This is a great sign for sellers, but it’s important to work with an experienced REALTOR® to price your home correctly and get the best value possible.

In conclusion, the McKinney real estate market is competitive and moving quickly. As a buyer or seller, it’s important to work with an experienced REALTOR® who can guide you through the process and help you navigate the current market conditions.

Thank you for tuning in, and if you have any questions or are looking to buy or sell in McKinney, Texas, please don’t hesitate to contact me.