Dallas Area Residential Sales Report for February - McKinney TX
Homes sales were off by 8% in February and pending sales declined 9%. The average sales price fell 20% as did the median sales price. New listings dropped 3% and the active listings increased 28%. The months of inventory now stands at 2.9 months. We are still well short of the 6 months considered a balanced market.
Sales: 195
Average Sale Price: $345,182
Median Sales Price: $325,000
Pending Sales: 231
New Listings: 293
Active Listings: 719
Month of Inventory: 2.9
Sales: 195
Average Sale Price: $345,182
Median Sales Price: $325,000
Pending Sales: 231
New Listings: 293
Active Listings: 719
Month of Inventory: 2.9
Information provided by The Real Estate Center
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