Hi there, everyone! Welcome back to another market update. I’m Marie Walton, a REALTOR® with Ebby Halliday, REALTORS, and today, we’ll be diving into the latest real estate trends in McKinney, Texas. So, whether you’re a buyer or a seller, this is for you!
Let’s start off with the current inventory levels. As of August 2023, we have a 2.16 months supply of inventory in McKinney. Now, what does that mean? Well, it indicates how long it would take for all the homes on the market to sell, given the current demand. And guess what? This number has actually decreased by 19.1% over the last 12 months. So, if you’re considering selling your home, this could be a great time to do so! Now, let’s move on to the list to sold price percentage. This figure tells us how close the final sold price is to the original list price. In McKinney, we’re seeing a fantastic 99.2% list to sold price percentage. This means that, on average, sellers are getting almost their full asking price. So, if you’re a seller, this is definitely something to be excited about!
Next up, let’s talk about the median days on market. In McKinney, homes are spending a median of just 26 days on the market. That’s right, properties are selling relatively quickly here. So, if you’re a buyer looking for your dream home, make sure you’re prepared and act fast when you find a property you love!
Lastly, let’s discuss the median sold price in McKinney. Drum roll, please… it currently stands at an impressive $528,000. This shows a strong and stable real estate market, which is great news for both buyers and sellers. It’s always important to remember that real estate is an investment, and McKinney continues to prove its value.
So, there you have it, folks! That’s our market update for McKinney, Texas in August 2023. As always, if you have any questions or need assistance navigating the real estate market, don’t hesitate to reach out to me, Marie Walton, at Ebby Halliday, REALTORS. I’m here to help you make informed decisions and achieve your real estate goals.
Thank you for dropping in, and I’ll see you next time for more exciting updates. Take care and happy house hunting!
|
|
|
Marie Sells Dallas 