Hi there, I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS, here in McKinney, Texas. Today, I want to give you an update on the current real estate market in our area.

As of February 2024, we have a 2.65 Months Supply of Inventory in McKinney. This means that if no new homes were listed, it would take 2.65 months to sell all the current homes on the market. And over the last 12 months, Months Supply of Inventory has increased by 51.43%. 6 months is considered a balanced market so we are still tilted to the Sellers side;

The List to Sold Price percentage is currently at 98.9%, which shows that homes in McKinney are selling very close to their list price. This is great news for sellers looking to get top dollar for their homes.

The median days on market in McKinney is 34 days, which means that homes are selling relatively quickly in our area. And the median sold price is $515,000, showing that the market is strong and prices are holding steady.

Whether you’re looking to buy or sell in McKinney, now is a great time to make a move. If you have any questions or if you’re interested in learning more about the current market conditions, feel free to reach out to me. I’m here to help you every step of the way.

Thanks for dropping by, and I’ll see you next time with more updates on the McKinney real estate market. Have a great day!