Good day, everyone, and welcome back to another market update. I’m Marie Walton, a proud REALTOR® with Ebby Halliday, REALTORS. Today, I’m excited to share with you the latest trends and insights in the McKinney, Texas real estate market. So, whether you’re a buyer or a seller, this update is tailored just for you.

Let’s dive right in, shall we? As of July 2023, McKinney has a current supply of inventory standing at 2.27 months. Now, what does this mean for you? Well, it’s an indicator of the market’s health and the balance between supply and demand. With a relatively low supply, it’s safe to say that we’re still in a competitive market. However, keep in mind that this figure has decreased by 19.5% over the past 12 months. That’s definitely something worth noting.

Now, let’s talk about one of the most important factors for sellers: the list to sold price percentage. In McKinney, it’s currently sitting at a remarkable 100%. Yes, you heard that right. Sellers are achieving their asking prices, which is excellent news for those looking to maximize their investment. It’s a testament to the strong demand and the value that McKinney real estate holds.

Moving on to another crucial metric, we have the median days on market. In McKinney, homes are spending an average of 25 days on the market before being sold. This figure reflects the overall efficiency of our local market and the demand for properties in our beautiful city. So, whether you’re buying or selling, this swift pace should give you confidence in your real estate endeavors.

Lastly, let’s talk about the median sold price, which currently stands at $527,500. This figure represents the midpoint of all sold prices in McKinney. It’s essential to note that this number can vary depending on various factors, such as location, property type, and condition. However, it does provide a general overview of the market’s pricing landscape.

As always, it’s crucial to remember that real estate is a dynamic industry, and these figures are subject to change. However, the current market conditions in McKinney, Texas indicate a healthy and vibrant real estate environment for both buyers and sellers.

Thank you for joining me today. If you have any questions or would like personalized advice regarding your real estate goals, please don’t hesitate to reach out to me. Remember, I’m here to guide you every step of the way. Until next time, stay informed, stay engaged, and happy home hunting!