Good day, everyone, and welcome back to our monthly market update here in McKinney, Texas. I’m Marie Walton, a proud REALTOR® with Ebby Halliday, REALTORS. Today, I’m excited to share with you the latest da5ta and trends that will keep both buyers and sellers engaged and interested in our local real estate market.

Let’s dive right in. As of September 2023, we currently have a 2.27 Months Supply of Inventory in McKinney. This means that if no new homes were listed, it would take approximately 2.27 months to sell all the existing homes on the market. And here’s the interesting part – over the last 12 months, we’ve seen a significant -16.85% decrease in Months Supply of Inventory. This indicates a strong demand for homes in our area.

Now, let’s talk about the List to Sold Price percentage. In McKinney, sellers have been experiencing great success, as the List to Sold Price percentage currently stands at an impressive 98.2%. This means that, on average, sellers are receiving 98.2% of their asking price when their homes are sold. It’s a sign of a competitive market and a testament to the value of our properties.

Next, let’s discuss the median days on market. In McKinney, homes are spending an average of 40 days on the market before being sold. This indicates a healthy balance between supply and demand, providing buyers with enough options while ensuring sellers receive timely offers.

Finally, let’s talk about the median sold price. In McKinney, the median sold price currently stands at $545,000. It’s important to note that this figure represents the midpoint of all sold properties in our area. This highlights the value and desirability of McKinney as a place to call home.

Whether you’re a buyer or a seller, these market insights should give you a better understanding of the current real estate landscape in McKinney, Texas. If you’re considering making a move, now might be the perfect time to take advantage of the strong demand and competitive prices.

Thank you for joining me today. If you have any questions or if you’re ready to explore the opportunities in McKinney’s real estate market, don’t hesitate to reach out to me, Marie Walton, at Ebby Halliday, REALTORS. Remember, I’m here to guide you every step of the way. Until next time, take care and happy house hunting!