Dallas Area Residential Sales Report for June – McKinney, TX

Hi everyone, and welcome back to my blog site! I’m Marie Walton, a REALTOR® with Ebby Halliday, REALTORS, and I’m here today to give you a market update for McKinney, Texas in June 2023. Whether you’re a buyer or a seller, this information is crucial for making informed decisions in the real estate market.

Let’s dive right into the numbers! Currently, we have a 2.25 months supply of inventory in McKinney. This means that if no new homes were listed, it would take approximately 2.25 months to sell all the homes on the market. It’s important to note that over the last 12 months, we’ve seen a decrease of 4.26% in the months supply of inventory, indicating a slightly more competitive market.

Now, let’s talk about the list to sold price percentage. In McKinney, we’re seeing an impressive 100.1% list to sold price ratio. This means that, on average, homes are selling for slightly above their list price. It’s a great time for sellers to take advantage of this strong market and potentially receive a higher return on their investment.

Next up, let’s discuss the median days on market. Currently, homes in McKinney are spending an average of 25 days on the market before being sold. This indicates a fairly brisk pace, with buyers actively seeking and quickly purchasing homes. If you’re a seller, this means you may not have to wait long to receive offers on your property.

Finally, let’s talk about the median sold price in McKinney. As of June 2023, the median sold price stands at $581,000. This figure represents the midpoint of all home sales in the area, and it’s important to consider when determining the value of your own property or when looking for your dream home.

That wraps up our market update for McKinney, Texas in June 2023. Whether you’re buying or selling, understanding the current market conditions is crucial for making informed decisions. If you have any questions or would like to explore the McKinney real estate market further, feel free to reach out to me or any of my colleagues at Ebby Halliday, REALTORS.

Marie Walton: Thanks for dropping by, and don’t forget to hit that subscribe button to stay updated on all things real estate in McKinney, Texas. See you next time!