Hello everyone, and welcome back. I’m Marie Walton, a proud REALTOR® with Ebby Halliday REALTORS, and I’m here today to give you an exciting market update for McKinney, Texas in December 2023. Whether you’re a buyer or seller, this information is vital for you to stay informed and make confident decisions in the real estate market.

Let’s dive right in! Currently, McKinney has a very balanced market with a 2.39 Months Supply of Inventory. This means that if no new listings were to come on the market, it would take approximately 2.39 months to sell all the existing homes. In the past 12 months, we’ve seen a slight decrease of -1.65% in the Months Supply of Inventory, indicating a growing demand for homes in the area.

Now, let’s talk about the List to Sold Price percentage. This is a crucial factor for both buyers and sellers. In McKinney, the List to Sold Price percentage is an impressive 97.5%. What does this mean for you? Well, as a seller, it shows that you have a strong chance of selling your home close to the asking price. And as a buyer, it highlights the importance of making competitive offers to secure your dream home.

Next up, we have the Median Days on Market, which is currently at 42 days. This indicates that homes in McKinney are selling relatively quickly, helping sellers achieve their goals in a timely manner. Buyers, take note of this figure, as it emphasizes the importance of acting swiftly when you find a home you love.

Lastly, let’s discuss the Median Sold Price in McKinney, which stands at an impressive $549,999. This figure represents the midpoint of all homes sold in the market, giving you an idea of the average price range. It’s essential to keep in mind that specific neighborhoods and property types may vary, so it’s always a good idea to consult with a professional like myself for a more accurate evaluation.

In conclusion, McKinney, Texas is currently experiencing a balanced real estate market with a healthy supply of inventory, strong list to sold price percentage, relatively quick sales, and a solid median sold price. Whether you’re looking to buy or sell, this market update should empower you to make informed decisions.

If you have any questions or need assistance navigating the McKinney real estate market, please don’t hesitate to reach out to me. I’m here to help you every step of the way.

Thank you for tuning in to today’s market update. Don’t forget to like this, subscribe to my blog, to stay updated with all the latest real estate news and tips. Until next time, take care and happy house hunting!