Dallas Area Residential Sales Report – McKinney Condos and Townhomes

Hey there, everyone! Welcome back to my channel. I’m Marie Walton, your friendly neighborhood REALTOR® from Ebby Halliday REALTORS. Today, we’re going to dive into the latest condo and townhome market update for McKinney, Texas in July 2024.

Let’s start off with some exciting numbers. Currently, we have a 4.67 Months Supply of Inventory in McKinney. That’s an increase of 33.43% over the last 12 months. What does this mean for buyers and sellers? Well, it’s still a competitive market out there, but there are more options available for buyers to choose from.

Now, let’s talk about the List to Sold Price percentage. Drumroll, please…it’s an impressive 99%! That means sellers are getting top dollar for their homes in McKinney. So, if you’re thinking of selling, now might be the perfect time to capitalize on this hot market.

Next up, we have the median days on market, which is 41 days. Homes are selling quickly in McKinney, so if you see something you like, you better act fast before it’s gone. And finally, the median Sold Price in McKinney is $390,000. That’s a healthy number that shows the strength of the real estate market in our city.

So, whether you’re a buyer looking for a condo or townhome or a seller wanting to make a move, now is the time to take advantage of the market conditions in McKinney, Texas. If you have any questions or need assistance navigating the real estate market, don’t hesitate to reach out to me at Ebby Halliday REALTORS.