Sales were down in McKinney by 8% for the month of September. The averages sales price was flat while the median sales price declined by 4%. There was a sharp increase of 33% in the pending sales indicating October sales will be up. The number of new listings increased by 11% but this did not help the number of active listings which was down by 7%. The months of inventory continued to decline and now stands at 1.6 months. As in other areas until we see an increase in the number of active listings, this market will continue to be challenging for buyers.
Sales: 239
Average Sales Price: $259,598
Median Sales Price: $226,000
Pending Sales: 230
New Listings: 237
Active Listings: 360
Months of Inventory: 1.6
Information provided by The Real Estate Center at Texas A&M
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