Dallas Area Residential Sales Report – Mckinney,Texas

Hello, and welcome back to my blog! I’m Marie Walton, your local REALTOR® with Ebby Halliday REALTORS, here to bring you the latest market update for July 2024 in McKinney, Texas.
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Let’s dive right in. Currently, we have a 4.62 Months Supply of Inventory in McKinney. This means that at the current rate of sales, it would take 4.62 months to sell all the available homes on the market. Compared to the last 12 months, we have seen an increase of 86.29% in Months Supply of Inventory.

Sellers, take note! The List to Sold Price percentage is currently at 100.9%, meaning that on average, homes are selling for just over their list price. This is great news for those looking to sell their homes in McKinney.

For buyers, the median days on market in McKinney is 34 days. This means that homes are selling relatively quickly, so be sure to act fast when you find a home you love.

And finally, the median sold price in McKinney is $497,500. This is a strong indicator of the market’s stability and growth in the area.

Thank you for tuning in to this month’s market update. If you have any questions or are looking to buy or sell in McKinney, don’t hesitate to reach out to me. Remember, I’m here to help make your real estate dreams a reality. See you next time!