Dallas Area Residential Sales Report - McKinney TX
Wow! Sales shot up 35% in McKinney in November as compared to the same time last year. The average sales price rose 2% while the median sales price climbed 5%. Pending sales increased 6% so we can anticipate December sales will be positive. The number of new listings were up 31%. The active listings increased 71%. That just shows you who low the active listings were last year. Months of inventory now stands at 2.9 months. We are still very short of the 6 months considered a balanced market. Sellers are in the drivers seat.
Sales: 249
Average Sales Price: $346,858
Median Sales Price: $329,300
Pending Sales: 217
New Listings: 245
Active Listings: 684
Months of Inventory: 2.9
Information provided by The Real Estate Center
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