Dallas Area Residential Sales Report for May - McKinney TX
No slowdown in home sales in McKinney. May saw an increase of 21% in Sales as compaired to lasy May. The average sales price was up 2% and the median sales price rose 5%. Price increase have been moderating over the last several months. Pending sales did drop 3%. We'll have tp waite and see if this means anything. New listings came in up 17%. Active listings increased 31%. the months of inventory now stands at 2.9 months. Some good news if you are a buyer but we are well short for the 6 months considered a balanced market. McKinney is still tilted to the Sellers side!
Sales: 376
Average Sales Price: $365,965
Median Sales Price: $355,000
Pending Sales: 287
New Listings: 442
Active Listings: 743
Months of Inventory: 2.9
Information provided by The Real Estate Center
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