McKinney sales just keep on trucking on
Residential Sales were up 5% in McKinney in July as compared to last July. The average sales price rose 9% while the median sales price climbed 10%. Pending sales were up a scant 1%. The number of new listings increased 8 %. The number of active listings took a huge jump of 49%. this took the months of inventory to 3.3 months. It hasn't been this high in a long time. While buyers have more to choose from, The number of homes for sale is still well short of the 6 months that is considered a balanced market.
Sales: 282
Average Sales Price: $338,873
Median Sales Price: $313,500
Pending Sales: 277
New Listings: 437
Active Listings: 778
Months of Inventory: 3.3
Information provided by The Real Estate Center
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