Dallas Area Residential Sales Report for December - McKinney TX
Sales were strong in McKinney in December! Up 16%. The average sales price increased 8% and the median sales price climber 5%. Pending sales jumped 26% compared to last December. This certainly will mean a good January report. The number of new listings rose 26% while the active listings were up a whopping 65%. I know these numbers look good if you are a buyer, but they in reality just reflect how low the inventory was last December. The months of inventory is only at 2.6 months. With 6 months considered a balanced market, we are still way over to the seller's side.
Sales: 253
Average Sales Price: $359,974
Median Sales Price: $325,220
Pending Sales: 199
New Listings: 177
Active Listings: 587
Months of Inventory: 2.6
Information provided by The Real Estate Center
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