McKinney TX Residential Sales Report for August

McKinney TX Residential Sales Report for August

Sales remain strong in McKinney

Home sales in McKinney were up 18% in August as compared to the same time last year. The average sales price rose 7% while the median sales price jumped 13%. Pending sales  climbed 7%. There was a sharp increase of 27% in the number of new listings and the active listings shot up 52%. While this is great for buyers ( more homes to choose from), the months of inventory only stands at 3.2 months. While this is a lot better than previous months, it is still very short of the 6 months that is considered a balanced market. We are still very much in a Seller's Market.

Sales: 327

Average Sales Price: $433,047

Median Sales Price: $316,000

Pending Sales: 278

New Listings: 374

Active Listings: 769

Months of Inventory: 3.2

Information provided by The Real Estate Center