McKinney TX Homes for Sale - October 2008 Real Estate Market Report

McKinney TX Homes for Sale - October 2008 Real Estate (Residential) Housing Report.

145 closed (Sold) transactions.

Currently 1,193 homes available on the market.

Lowest $30,000
Average 4 bedrooms. 2,500 square feet at $213,000. DOM 72.
Highest 6 bedrooms. 7,100 square feet for $960,000. It took 349 days to sell.
Total real estate value of   $30,941,072 not including real estate sales not listed on the MLS systems such as for sale by owners and home builders.

Average DOM Breakdown and Average % of List Price received on Solds by Market time:
Information provided is deemed reliable and taken from the North Texas Real Estate Information MLS Systems.

It is important to note that PRICING is key when reading this report. The highest success of selling your house also takes the least amount of time (30 days or less).

When comparing to the same month last year (2007),

185 sold transactions (in 2007)

Lowest $25,000
Average 4 bedrooms. 2,300 square feet at $202,000. DOM 73.
Highest 6 bedrooms. 5,100 square feet for $950,000. It took 282 days to sell.
Total real estate value of  $37,490,673  not including real estate sales not listed on the MLS systems such as for sale by owners and home builders.

The Absorption Rate* for McKinney TX Homes for sale are approximately 9 months.

How To Digest ALL These Information

The Absorption Rate is the time it takes to sell the available inventory at its present rate. It would take McKinney TX Homes 9 months to sell its available inventory at its present rate. McKinney TX's busiest real estate season is from April until August. As we get into the winter months, the sales performance will slow down.

This information is deemed correct for the McKinney TX real estate market as an entity. Each community and neighborhood has its own numbers, and average days on market. To find out about your specific information, please contact me for further details.

It is a competitive market at McKinney TX. Hence it is important that you choose to work with the realtor who knows these communities like none other. I employ a systematic market approach in selling your home - an intentionally unique proposal that most real estate agents do not use. If you care to be on your way to a successful closing, contact me immediately to see how different my proposition will be.

I proudly serve and sell real estate in the northern suburb cities of the Dallas metroplex. If you are thinking about purchasing or selling your home in neighborhoods of Frisco, Plano, Dallas, McKinney, Allen, Little Elm, Prosper, Celina, Richardson, Dallas M-Streets, Dallas White Rock Lake area and other surrounding areas and more importantly, want to work with a local area expert, contact me immediately.

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Contact:
Loreena Yeo
Realtor®/ Broker of 3:16 team REALTY
(214) 783-2210
loreena@loreenayeo.com

Copyright © 2008 by Loreena Yeo (3:16 team REALTY). McKinney TX October 2008 Real Estate Market Report.
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