McKinney Residential Sales Activity Report for October

Single-Family Residential:

Sales in McKinney in October were up by 7%. The average sales price climber by 15% while the median sales price increased by 11%.  Pending sales showed a small decline of 4%. The number of new listings declined by 7% and the number of active listings was down by 3%. The months of inventory is 1.6 months.

Sales: 233

Average Sales Price: $292,203

Median Sales Price: $250,000

Pending Sales: 182

New Listings: 243

Active Listings: 356

Months of Inventory: 1.6

Condos and Townhouses:

There are very few condos and townhouses in McKinney so the numbers can be quite volatile.

Condo and townhouse sales were up by 100% in October. The average sales price increased by 13% while the median sales price was up by 4%. Pending sales increased by 120%. The number of new listings increased by 25% and the number of active listings decreased by 43%. The months of inventory is 1.7 months.

Sales: 12

Average Sales Price: $195,404

Median Sales Price: $184,900

Pending Sales: 11

New Listings: 10

Active Listings: 13

Months of Inventory: 1.7

Leases:

Leases were down in October by 5%. The average rent increased by 10% and the median rent was up by 5%. The number of pending leases increased by 44%. The number of new leases was up by 4% and the number of active leases was down by 2%. The months of inventory stands at 1.2 months.

Leases: 87

Average Rent: $1,816

Median Rent: $1,680

Pending Leases: 44

New Listings: 110

Active Listings: 106