Dallas Area Residential Sales Report for January - McKinney TX
Well, Sales were booming in McKinney in January. Up 26% as compared to last January. The average sales price was down 1% but the median sales price rose 1%. Sales price increases have been moderating across the Metroplex, The pending sales number also showed an extremely strong gain of 34%. I think we can safely say that February sales will be positive. New listings increased 6% and the active listings were up 46%. That number just reflects how low the number of listings was last January. The number that really matters is the months of inventory and it only increased to 2.2 months. With 6 months considered a balanced market, we are still very much in a sellers market in McKinney.
Sales: 196
Average Sales Price: $332,475
Median Sales Price: $307,00
Pending Sales: 270
New Listings: 254
Active Listings: 531
Months of Inventory: 2.2
Information provided by The Real Estate Center
#McKinney #realestate #homesforsale #buyerinformation #sellerinformation
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