Hi everyone, I’m Marie Walton with Ebby Halliday REALTORS, here to give you a market update for January 2024 in McKinney, Texas.

Currently, we have a 2.51 Months Supply of Inventory in McKinney. This means that if no new homes were listed, it would take 2.51 months to sell all the current homes on the market. Over the last 12 months, the Months Supply of Inventory has increased by 18.96%.

The List to Sold Price percentage in McKinney is at 96.8%. This means that on average, homes are selling for 96.8% of their list price.

The median days on market in McKinney is 48 days. This is the amount of time it takes for a home to go from being listed to being sold.

And finally, the Median Sold Price in McKinney is $535,000. This is the middle price point of all the homes that have sold in the area.

So, whether you’re looking to buy or sell in McKinney, now is a great time to make a move. With a healthy supply of inventory and homes selling close to their list price, it’s a market that’s favorable for both buyers and sellers.

If you have any questions or are interested in buying or selling in McKinney, feel free to reach out to me at Ebby Halliday REALTORS. Thanks for dropping in!