Hey everyone, it’s Marie Walton, your trusted REALTOR® from Ebby Halliday, REALTORS. I hope you’re all having a fantastic day! Today, I’m here to give you an exciting market update for the beautiful Mallard Lakes at McKinney in McKinney, TX. So, whether you’re a buyer or a seller, this information is for you.

Alright, let’s jump right into it. As of May 2023, we currently have a 1.88 months supply of inventory in Mallard Lakes. Now, what does that mean? Well, it means that if no new listings were to come on the market, it would take just under two months to sell all the existing homes. This indicates a fairly competitive market, and sellers have the upper hand right now.

Now, over the last 12 months, we’ve seen a slight increase in the Months Supply of Inventory, with a growth rate of 4.44%. This tells us that while the market is still favorable for sellers, there is a bit more inventory available compared to the previous year. So, buyers might have a few more options to choose from.

Now, let’s talk about the List to Sold Price percentage. This is a crucial figure for both buyers and sellers. In Mallard Lakes, homes are selling at an impressive 99.4% of their list price. This means that sellers are getting pretty close to their asking price, which is great news for them. However, it also shows that buyers need to be prepared to make competitive offers.Moving on, let’s discuss the median days on market. Currently, homes in Mallard Lakes are spending an average of 40 days on the market before they’re sold. Now, compared to some other areas, this is relatively quick. It’s a clear indication that the demand for homes in this community remains strong.

Now let’s talk numbers – the median sold price in Mallard Lakes is currently $850,000. This figure represents the middle point of all the homes sold in the area. It’s important to note that this is just a median, so there are homes both above and below this price range. But it gives us a good idea of the overall market value.

So, that wraps up our market update for Mallard Lakes at McKinney. Whether you’re considering buying or selling, it’s crucial to stay informed and understand the current market conditions. As always, if you have any questions or need assistance, don’t hesitate to reach out to me  at 972-816-5197. We’re here to help you navigate the real estate journey with confidence.

Marie: Thank you so much for tuning in, and until next time, take care and happy house hunting!