Single-Family:
Sales were up 15% in the McKinney area for December. The average Sales Price increased by 9% while the median sales price rose by 5%. Pending sales climbed by 5%. The number of new listings jumped by 21% but the number of active listings still declined by 12%. The months of inventory remains very low at 1.1 months.
Sales: 230
Average Sales Price: $291,552
Median Sales Price: $259,900
Pending Sales: 123
New Listings: 141
Active Listings: 247
Months of Inventory: 1.1
Condos and Townhouses:
There are very few condos and townhouses in McKinney. Due to the small amount of properties the numbers tend to be very volatile and meaningless.
Residential Rentals:
Leases were down by 24% in December. The average rent increased by 4% but the medium declined by 2%. Pending leases were up by 108%. The number of new listings increased by 1% while the active listings jumped 56%. Even with the large increase in the active leases the months of inventory remains very low at 1.5 months.
Leases: 54
Average Rent: $1,613
Median Rent: $1,520
Pending Leases: 27
New Listings: 85
Active leases: 126
Months of Inventory: 1.5
Information provided by The Real Estate Center at Texas A&M.
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